Navigating today’s business environment is a mammoth task. Tightening regulations, emerging technologies, increasing shareholder activism, intensifying class action litigation activity, escalating merger objections and IPO activity, and increasing levels of public and governmental scrutiny are all challenges for corporate directors and officers.
Then there are emerging risks such as data breaches and cyber-attacks, climate change and even human slavery in the global supply chain, which can also drive claimants to bring legal proceedings against officers or boards. Personal accountability has been a major theme since the 2008 financial crisis and continues unabated. Whether it’s the general public, the media, investors or government, executives are increasingly being held personally responsible for their actions, decisions and conduct.
As a result, company directors and senior managers globally face a real and growing threat from legal and regulatory liabilities. If things go wrong, they are increasingly likely to face costly regulatory investigations, criminal prosecutions or civil litigation, putting their personal assets and liberty at risk.
The Allianz Global Corporate & Specialty (AGCS) report "D&O Insurance Insights - Management liability today: What executives need to know" examines both the present and future states of the D&O landscape, identifying typical and emerging exposures, claims settlement trends, as well as risk mitigation and insurance strategies to help executives succeed in this volatile space.