UK Decision Puts Life Company Non Executive Directors On Notice.
Mondaq Business Briefing › Nbr. 2003, May 2003
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UK Decision Puts Life Company Non Executive Directors On Notice.
In a decision which is likely to be persuasive in Australia, the English High Court has cleared the way for a life insurance company to sue some of its former non executive directors for up to u3.3 billion over a strategy they implemented between 1993 and 2000 to contain losses.
Although important in its own right, the decision also provides further food for thought about the substantial exposures that directors now face, including those non executive directors who may consider they play only minor roles in some decision m...See the full content of this document
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