Description
This course provides an in-depth exploration of Directors and Officers (D&O) insurance, a critical component for protecting the personal assets of bank directors and officers against liability claims. Participants will gain a comprehensive understanding of the risks associated with being a bank director and how D&O insurance mitigates these risks.
Through expert insights and real-world examples, the course covers key topics such as:
- The types of liability claims directors and officers might face, including shareholder and regulatory suits.
- Emerging areas of D&O exposure, with a focus on cyber claims and ESG-related issues.
- Strategies for risk mitigation, including the importance of transparency, shareholder engagement, and regulatory compliance.
- The role of corporate governance mechanisms in reducing risk, such as the use of independent directors and specialized board committees.
- Considerations for purchasing and renewing D&O insurance policies, including coverage limits and the financial stability of insurance carriers.
Participants will also hear from three CEOs who share their perspectives on the importance of D&O insurance and the factors influencing their decisions. This course is essential for bank directors, officers, and anyone involved in corporate governance, providing the knowledge needed to navigate the complexities of D&O insurance and ensure robust protection for their institutions.
What You’ll Learn
- Identify the key risks associated with being a bank director and the basic principles of D&O insurance.
- Explain how D&O insurance protects bank directors and officers from personal losses and the importance of this coverage.
- Compare the perspectives of different CEOs on the importance of D&O insurance and the factors to consider when purchasing or reviewing a D&O policy.
