D&O Insurance
Directors and Officers (D&O) insurance is a liability insurance policy that protects the personal assets of corporate directors and officers against claims arising from their management decisions and actions. D&O insurance covers legal defense costs, settlements, and judgments resulting from lawsuits alleging wrongful acts such as breach of fiduciary duty, mismanagement, or regulatory violations. This coverage is essential for attracting qualified board members, as it shields them from personal financial risk associated with their governance responsibilities.
Related Terms
The highest standard of legal obligation that directors and officers owe to the company and its shareholders, requiring ...
A legal principle that protects directors and officers from personal liability for business decisions made in good faith...
A fundamental fiduciary obligation requiring directors to act with the level of care, diligence, and skill that a reason...
A core fiduciary duty requiring directors to place the interests of the corporation and its shareholders above their own...
More Legal & Compliance Terms
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