{"id":83849,"date":"2019-07-18T10:10:55","date_gmt":"2019-07-18T08:10:55","guid":{"rendered":"https:\/\/www.abindustria.it\/do-directors-liability\/"},"modified":"2024-01-22T14:41:34","modified_gmt":"2024-01-22T13:41:34","slug":"do-directors-liability","status":"publish","type":"page","link":"https:\/\/www.abindustria.it\/en\/do-directors-liability\/","title":{"rendered":"D&O Directors’ Liability"},"content":{"rendered":"

[vc_row full_width=”stretch_row” css=”.vc_custom_1646844838672{padding-top: 125px !important;padding-bottom: 125px !important;background-image: url(https:\/\/www.abindustria.it\/wp-content\/uploads\/2022\/02\/header-do-responsabilita-amministratori.jpg?id=80635) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][vc_column][vc_empty_space height=”30px”][vc_column_text el_class=”section-title”]<\/p>\n

D&O POLICY: DIRECTORS’ LIABILITY<\/strong><\/span><\/h1>\n

[\/vc_column_text][vc_empty_space height=”30px”][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”40px”][vc_column_text]The socio-economic-legal environment in which the board of the company operates has shown considerable risk exposure for directors in recent years. Increasingly, there are reports of claims for actual or alleged negligent acts.<\/span><\/p>\n

Directors of a Company may be held liable with their personal assets for violation of laws or regulations, mala gestio, violation of bylaws, etc. Discrimination Mobbing, harassment, wrongful conduct within subordinate relationships may result in a claim for compensation.<\/p>\n

First and foremost, the D&O Policy guarantees the liabilities that fall on Directors, Managers and Auditors, under Articles 2392, 2393, 2394, 2395, 2396 and 2407 of the Civil Code to the Companies, to corporate creditors and to Shareholders and Third Parties.<\/p>\n

Area Brokers Industria<\/a>, has found it essential to include among the guarantees offered in the D&O Policy, coverage for claims made by employees, former employees and directors, as a result of unjustified, wrongful termination, sexual, racial, environmental discrimination and demotion or failure to hire or promote.[\/vc_column_text][vc_empty_space height=”25px”][vc_custom_heading text=”WHAT IS D&O POLICY?” font_container=”tag:h2|font_size:18|text_align:left|color:%23972039″ use_theme_fonts=”yes”][vc_empty_space height=”15px”][vc_column_text]D&O (“Directors & Officers Liability”) policy is the insurance solution that protects the personal assets of directors and members of other management bodies (directors, managers, officers, auditors and any supervisory board members) when they are sued for damages.<\/p>\n

Indeed, management and supervisory bodies of corporations are liable, unlimitedly and with their personal assets, for breach of duty, that is, for culpable failure to comply with the duties imposed on them by law and the articles of incorporation. Any shareholder regardless of the share subscribed, as well as customers and competitors of the company and other figures, can bring liability actions against the directors.[\/vc_column_text][vc_empty_space height=”25px”][vc_custom_heading text=”WHAT RESPONSIBILITIES DOES THE ADMINISTRATOR COVER?” font_container=”tag:h2|font_size:18|text_align:left|color:%23972039″ use_theme_fonts=”yes”][vc_empty_space height=”15px”][vc_column_text]D&O policy refers to a “default” liability and is configured:<\/p>\n