Insurers of directors backdating claims face
Full disclosure: I was interviewed in connection with the article.
Apparently Black has had a lifelong interest in Franklin Delano Roosevelt, and among the things for which Black is alleged to have used the funds he misappropriated from Hollinger is an auction purchase of a collection of FDR's papers.
But whatever regulators overall intent may be regarding outside directors generally, the SEC has recently advised the three Hollinger directors that it will not pursue enforcement action against them.
The first and most detailed of the two opinions relates to the options backdating derivative suit filed on behalf of Zoran Corporation, about which lawsuit I first wrote here.This course is designed to give a moderately experienced person in insurance a detailed look at these exposures.The major areas this course addresses include (1) the common law and statutory legal liability exposures to which the directors and officers of publicly held corporations are subject, (2) legal defenses available to directors and officers when a claim is made against them, (3) the types of situations that give rise to these claims, (4) the factors that insurers consider when underwriting directors and officers (D&O) policies for publicly held and privately held companies, and (5) the most effective methods of preventing and controlling claims against corporate directors and officers.Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: By IRMIInternational Risk Management Institute, Inc.(IRMI) is the premier provider of risk and insurance continuing education and reference services.