Shaping Policies to Protect Directors
and Officers Amid Heightened Government
Enforcement and Shareholder Lawsuits
CD of Teleconference with Q&A
Click here for program outline
Conducted on Tuesday, July 8, 2008
Now available on CD
Sponsored by Insurance Law & Litigation Week
and the Legal Publishing Group of Strafford Publications
Insurance Law Teleconference Advisory Board
Ever since Enron and Worldcom and more recent corporate scandals, including the subprime credit crisis, options backdating investigations and global climate change, the current corporate environment is not one in which directors and officers can feel safe.
Companies, their officers and their directors must be aware of the looming triple threat — SEC and DOJ investigations, shareholder class actions, and state regulatory action. To protect themselves and their officers and directors, companies turn to insurance.
The quality of D&O insurance also matters more than ever in recruiting board members. Most directors would not consider serving on a board that fails to provide comprehensive D&O coverage in addition to standard insurance packages.
Listen as our panel of insurance and corporate law specialists examines the key risk factors for directors and officers, current trends in D&O claims and litigation, and strategies to protect directors and officers through insurance coverage.
The panel included:
Kimberly M. Melvin, Partner, Wiley Rein, Washington, D.C. She represents insurers on coverage issues related to professional liability coverage, including directors and officers, financial institution, mutual fund and investment advisor liability policies. She represents professional liability insurers in connection with corporate scandals involving directors & officers and financial institutions, including Enron-related litigation and investigations.
Mary E. McCutcheon, Partner, Farella Braun + Martel, San Francisco, Calif. She chairs the firm's Insurance Department and advises companies and individual directors regarding issues involved in placement of and claims under directors' and officers' liability insurance. She also represents corporations, public entities and individuals in coverage issues arising out of construction and exposures and litigates rescission and bad-faith actions.
Kevin M. LaCroix, Partner, OakBridge Insurance Services, Beachwood, Ohio. He has been involved in directors’ and officers’ liability insurance issues for over 25 years. He is also the author of the Internet weblog, The D&O Diary. Before joining OakBridge, he was a coverage attorney at a law firm and served as president of Genesis Professional Liability Managers, a D&O underwriter and part of the Berkshire Hathaway Group.
The panel reviewed these and other key questions:
- What are the primary risk factors for directors and officers?
- What are the current trends in D&O claims and litigation?
- What are the best practices to negotiate the best coverage for a company's directors & officers?
- What are the critical factors for counsel to consider in evaluating D&O coverage?
TELECONFERENCE CD
Purchase a CD-ROM of the full conference proceedings, including Q&A and PDF files of all handouts (available 10 days after the program).
- Regular Price - $297 (plus $9.45 S&H)
- With Teleconference Registration – an additional $75 (plus $9.45 S&H)
CLE credit is available for an additional $65 each for attorneys seeking CLE credits for NY or CT.
Other states may grant CLE credits for listening to this CD - check with your state about applying for self-study credit on CD-listening.