Today, many boards are taking steps to improve the effectiveness of their risk governance efforts. One of the greatest challenges they face is to develop and maintain a risk governance program...
Prevailing Sources of Potential Liability for Private Companies and Their Directors and Officers
The following provides an overview of the most significant sources of claims against directors and officers of private companies, with a discussion of factors affecting the viability and frequency of those claims.
Authors: Serge J. Adam, Esq., assistant vice president of claims for Monitor Liability Managers, LLC. Dirk E. Ehlers, Esq., shareholder with Schuyler, Roche & Crisham, P.C. in the firm’s Chicago office.