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Directors and officers insurance protects directors if a claim alleges they have breached their duty. Only 45% of respondents to a 2011 member survey believed they had directors and officers (D&O) insurance in place. Less than 17% of Australian entities have D&O insurance. Director and board members of Australian companies may be personally liable for potential compensation, fines and legal costs. Find out more about the duties and obligations of a director today.

Website URL:http://www.companydirectors.com.au/Director-Resource-Centre/Governance-and-Director-Issues/Directors-and-officers-insurance
Category:Business: Organizations
Link Owner:AICD
Site ID:6604