After a series of company failures, (think Enron) stockholders have begun to hold directors and officers of companies accountable for their failure to exercise management reviews and oversight. Increasingly stockholders have seen litigation as the way to recoup losses and punish management for their failure to fulfill their obligations.
Enter the world of directors and officers liability insurance, often referred to as D&O coverage. Check out Portland Business Journal’s Guest Columnist, Marc Baker and his thoughts on the world of D&O coverage.