Directors & Officers News

Buffett Warns of Corporate Directors Too Beholden to CEO

Warren Buffett on Saturday called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock. In his annual …

It’s Not Easy Getting Insurers to Defend in Sexual Harassment Cases

While Harvey Weinstein’s insurers have reportedly agreed to pay $47 million to settle civil suits against the movie producer, most policyholders should prepare for an epic legal battle just to get their insurers to defend them against accusations of sexual …

Corporations Grow Nervous as Compensation for Directors Rises

It’s nice work if you can get it. The average annual compensation for non-executive directors at S&P 500 companies rose 2 percent to $304,856 last year, topping $300,000 for the first time and 43 percent higher than it was 10 …

Serving on One Outside Board Is Enough, BlackRock Warns Directors

BlackRock Inc. is stepping up opposition to U.S. CEOs who sit on more than one corporate board beside their own, arguing that working as a director takes increasingly more time, a report from the world’s largest asset manager showed on …

City Officials Can Be Charged If Sewers Aren’t Fixed, Arkansas Prosecutor Says

An Arkansas county prosecutor said he has the legal authority to bring criminal charges against Bethel Heights city officials if they don’t take action to fix their system. State records show Bethel Heights’ two wastewater treatment plants have operated out …

Shareholder Suit Alleges Pizza Chain Papa John’s Hid Executives’ Misbehavior

Papa John’s International Inc. founder John Schnatter will be questioned by the pizza chain’s lawyers about his demand for internal files related to directors’ handling of his ouster from the company. Schnatter sued last month in Delaware Chancery Court for …

Insurers May Be on Hook for Dole Buyout Lawsuit Settlements

A Delaware judge says insurers may be on the hook for $190 million to settle two lawsuits stemming from a 2013 buyout in which Dole Food chairman and CEO David Murdock took the company private. In a ruling late last …

D&O Insurers Warned on Competitive Pricing, Troubling Claims Trends

Property/casualty insurers in the directors and officers (D&O) liability insurance market may find it more difficult to maintain underwriting performance in 2018 than in recent years, according to Fitch Ratings, as market pricing remains highly competitive and claims trends are …

Insurers May Not be Able to Avoid Blockchain, Virtual Currencies ‘Sweeping Through Industry’

Insurers need to be thinking about blockchain technology and virtual currencies like bitcoin and how to approach these areas of emerging risk as they become harder to ignore, according to panelists at the 2018 Professional Liability Underwriting Society (PLUS) Directors …

Slew of Republican Judicial Appointments Could Bode Well for D&O Insurers

Directors and officers (D&O) insurance has faced major losses in recent years, due in part, to what some call a significant increase in shareholder securities class action lawsuits. But a slew of new judicial appointments through the Republican-led Congress could …