TITLE

Executive decision: When is a director truly a "non-executive director"?

AUTHOR(S)
Edmond, John; Lattin, Avryl; Hewish, Leah
PUB. DATE
March 2015
SOURCE
Asia Insurance Review;Mar2015, p54
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article explains the criteria for distinguishing a non-executive director from an executive director with reference to the decision of the Victorian court of Appeal in a case involving Australian Property Custodian Holdings and a wrongful managerial act claim against a director. Issues tackled are the definition of non-executive director in the insurance policy and the degree of involvement of the director in the business operations of the company.
ACCESSION #
101667738

 

Related Articles

  • Top Insurer Execs Blast State Regulation. Friedman, Sam // National Underwriter / P&C;7/24/2006, Vol. 110 Issue 28, p10 

    The article focuses on the views of top executives concerning the efficiency of the state regulatory system in the U.S. According to the CEO of ACE Ltd. Evan Greenberg, the system is highly inefficient. Edmund Kelly of Liberty Mutual Group added that the lack of regulatory leadership at the...

  • Liability insurance for directors. Litton, Roger // Accountancy;Oct81, Vol. 92 Issue 1058, p125 

    Focuses on insurance against the consequences of breach of duty available for British company directors and officers. Insurance companies offering such policies in Great Britain; Policy provisions and exclusions; Measures to ensure that the insured parties have an incentive to avoid claims. ...

  • SOUNDING OFF.  // National Underwriter / P&C;7/24/2006, Vol. 110 Issue 28, p10 

    The article focuses on the views of top executives concerning the efficiency of the state regulatory system in the U.S. According to Evan Greenberg, it is highly inefficient and considered it as a barrier. Edmund Kelly stressed that the regulation should allow the insurers to write in everyone...

  • What Do D&O Policies Say?  // National Underwriter / P&C;6/25/2007, Vol. 111 Issue 25, p13 

    The article focuses on the pollution exclusion wording in the insurance policies of directors & officers (D&O) in the U.S. The author explains that D&O policies work to exclude the environmental consequences of greenhouse gas emissions. He further emphasizes pollution exclusion wordings that are...

  • Hartford Execs Tout New Markets.  // Best's Review;Feb2003, Vol. 103 Issue 10, p77 

    Reports on the call of Hartford Financial Service Group executives for insurers to become better at selling to business owners, affluent and aging populations in the developed countries. Decline in the number of life policies being sold; Factors creating dramatic needs for retirement products.

  • D&O insurance guards personal assets -- for a price. Grill Jr., Norman G. // Fairfield County Business Journal;11/27/2006, Vol. 45 Issue 48, p18 

    The article reports about the directors & officers (D&O) insurance policy in the U.S. D&O insurance was purchased by the insurers to guards the personal assets of the directors and officers of the corporation that often a result of corporate mismanagement. The policy covers the general liability...

  • Did Government Bailouts Save D&O Market From Side-A Debacle? Sclafane, Susanne // National Underwriter / P&C;2/21/2011, Vol. 115 Issue 7, p28 

    The article discusses the conditions of the Side-A coverage niche of directors and officers liability insurance market in the U.S. It notes that the split Side-A policies can offer added limits for certain groups of directors above the coverage of primary A-B-C policy. It also mentions that this...

  • Is D&O Insurance in Asia Worth It? White, Patrick // Asia Insurance Review;Aug2008, p60 

    The article looks at the steady increase of personal liabilities of directors and officers of companies (D&O insurance) in Asia. Despite several regulatory issues, D&O liabilities continued to increase as well as the feeling that there is a greater chance of claims arising in the future. In...

  • Soft Market Does Not Mean Soft Underwriting. Ruquet, Mark E. // National Underwriter / P&C;11/6/2006, Vol. 110 Issue 42, p25 

    The article reports on the careful examination of individual accounts by underwriters in the U.S. New regulations have made it more difficult to underwrite boards, making executives prevent to take risks in the future. Insurance providers, therefore, need to be mindful of reviewing with clients...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics