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Navigating Directors and Officers Liability Insurance: Key Concepts and Considerations

This presentation by Frazer Barton focuses on the critical aspects of Directors and Officers Liability Insurance, emphasizing its significance in today's corporate environment. It covers essential requirements such as the necessary skill set for boards, maintaining a sound balance sheet, and understanding the various legal frameworks directors may face claims under, including the Resource Management Act and the Companies Act. Additionally, the talk addresses the importance of sufficient coverage and the implications of relevant laws, such as the Law Reform Act and insolvency exclusions, to help directors mitigate risks effectively.

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Navigating Directors and Officers Liability Insurance: Key Concepts and Considerations

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  1. Directors and Officers Liability Insurance Presenter Name: Frazer Barton September 2013

  2. Introduction • GFC • Finance Companies • Pike River

  3. Essential Requirements • Appropriate skill-set for board • Sound balance sheet • D & O cover

  4. In what areas do Directors face claims? • Resource Management Act • Health & Safety In Employment Act • Securities Act • Companies Act • Crimes Act

  5. Level of Cover • Must be sufficient

  6. Bridgecorp • Law Reform Act • Awaiting Supreme Court

  7. Insolvency Exclusion

  8. Fines

  9. Insured v Insured

  10. Risks of Conduct Avoiding Policy

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