Although in-house risk professionals and corporate lawyers may not relish the task of reviewing their company's directors-and-officers liability-insurance policy, provisions of the Dodd-Frank Act should prompt them to seriously evaluate the scope of their coverage.
In addition to the passage of Dodd-Frank, an increasingly active regulatory environment is another factor pointing to the urgency of such a review for all public companies—especially smaller ones.
Particularly important is whether—and how—their D&O policies will cover internal corporate investigations prompted by whistleblowers alleging corporate wrongdoing (under Dodd-Frank, whistleblowers can share in the proceeds of penalties collected by the Securities and Exchange Commission).
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
