Increased risk exposures and scrutiny of regulatory bodies have prompted the need for executives to be more vigilant in effecting their Directors’ and Officers’ Liability Insurance (D&O). This course will provide an overview of D&O insurance and the key terms in the documentation. Matters to pay regard to when making claims under these policies and recent developments will also be explored.
Directors’ and Officers’ Liability Insurance
Speakers
Speaking OpportunitiesDetailed Information
- D&O insurance – an overview
- Directors and Officers and their basic duties
- Impact of the New Companies Ordinance (Cap. 622) e.g.:
- Duty of Care, Skill and Diligence Section 465 & prohibition against indemnification for breach of due care and skill to the company, Section 468(3)
- Prohibitions against indemnification – Section 468 & 469(2)
- Indemnification for liability to third parties – Section 469(1)
- Terms of the policy:
- Key aspects and implications
- Matters which may be varied/ negotiated (with illustration)
- Insuring Agreements
- Schedule
- Endorsements
- Exclusions (implication of different extension and how this may affect the coverage; premium etc)
- Nature of Claims
- Claims Procedures and tips for notifying under a D&O policy
- Recent cases in HK and the application of D&O insurance
- Recent developments and issues e.g. changes SFC enforcement actions
Registration Conditions
To view our registration conditions click HERE.