The Personal Legal Liability Exposure of Directors & Officers

Date: 15.10.2018 | Blog

http://businessinsuranceholdings.emlnk1.com/lt.php?s=01ba666b32e75351b7948fa1fccca14e&i=13221A44503A521A642252

Whether a private company like the Weinstein Companies or a public company like Wynn Resorts; there was egregious behaviour going on for many years and people knew.  Settlements were made to a variety of people using company funds.

Both cases and others that we are too familiar with; give rise to the same question; “Where were the Risk Managers?” Who was providing information to the board or directors?  And if you say the in house counsel; you will be wrong.

We saw where an in house counsel at NBC conducted a survey  of personnel, for the board,  after the alleged harassment suit was settled.  This presents a conflict of interest and a lack of transparency.

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