Definition
Directors and officers liability Insurance (often called D&O) is liability insurance payable to the directors and officers of a company, or to the organisation(s) itself, as indemnification (reimbursement) for losses or advancement of defence costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers.
Read more...
Released by Wikipedia
Recent changes to the proposed criminalisation of breaches of directors' duties
The proposed law to criminalise serious breaches of directors' duties has recently undergone significant changes when Supplementary Order Paper (SOP) 403 was released on 19 November last year. This is the second revision of its kind and was done in anticipation of the Committee of the Whole House stage due to commence shortly.
Read more....
Released by ADLS March 2014
Should directors be held more liable for company performance?
New Zealand is a highly entrepreneurial society. Even during the sluggish economic growth of the past three years we have maintained an average company registration rate in excess of 45,000 a year.
Read more....
Released by The National Business Review March 2014
Conviction 'provides timely reminder of director duties'
Company directors are far more likely to be in the gun over liability issues under New Zealand's tougher health and safety regulations. This was highlighted with the recent conviction of Gloria Davis, the sole director of the company that owned the ill-fated Easy Rider fishing boat which sank last year, killing eight people.
Read more.....
Released by Yahoo Business & Finance March 2014