Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Ensuring Corporate Misconduct: How Liability Insurance Undermines Shareholder Litigation
    Ensuring Corporate Misconduct: How Liability Insurance Undermines Shareholder Litigation
    Ensuring Corporate Misconduct: How Liability Insurance Undermines Shareholder Litigation
    Ebook279 pages6 hours

    Ensuring Corporate Misconduct: How Liability Insurance Undermines Shareholder Litigation

    By Tom Baker and Sean J. Griffith

    ()

    Read preview

    About this ebook

    Shareholder litigation and class action suits play a key role in protecting investors and regulating big businesses. But Directors and Officers liability insurance shields corporations and their managers from the financial consequences of many illegal acts, as evidenced by the recent Enron scandal and many of last year’s corporate financial meltdowns. Ensuring Corporate Misconduct demonstrates for the first time how corporations use insurance to avoid responsibility for corporate misconduct, dangerously undermining the impact of securities laws.

    As Tom Baker and Sean J. Griffith demonstrate, this need not be the case. Opening up the formerly closed world of corporate insurance, the authors interviewed people from every part of the industry in order to show the different instances where insurance companies could step in and play a constructive role in strengthening corporate governance—yet currently do not. Ensuring Corporate Misconduct concludes with a set of readily implementable reforms that could significantly rehabilitate the system.

    LanguageEnglish
    PublisherUniversity of Chicago Press
    Release dateJan 15, 2011
    ISBN9780226035079
    Ensuring Corporate Misconduct: How Liability Insurance Undermines Shareholder Litigation

    Read more from Tom Baker

    Related to Ensuring Corporate Misconduct

    Related ebooks

    Law For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Busting Trust Myths

      Sep 3, 2020

      “Trust busting” is the term often used to describe instances where a court finds in favour of a claimant trying to access trust assets. Here, though, I do not want to talk about “trust busting”. Instead I want to bust some trust myths. There has been

      2 min read

    • Article

      Trusts 101: Why Have a Trust?

      Jun 11, 2019

      It's a well-documented fact that most people do no estate planning. Of those who do, the majority use a last will to pass their estate to a spouse or divide it among their children. Most estate plans do not establish a trust. I suggest that if you c

      2 min read

    • Article

      Do Trustees Become The Legal Guardians Of Your Children?

      Jul 24, 2020

      The guardianship of children is governed in terms of section 18 of the Children’s Act, whereas the role of trustees is governed by the common law and the Trust Property Control Act, explains Elmarie Neilson of Neilsons Attorneys. The powers of truste

      1 min read

    • Article

      Supreme Court Lets Stand Ruling That Protects Homeless Who Sleep On Sidewalk

      Dec 16, 2019

      WASHINGTON - The Supreme Court refused Monday to hear a major case on homeless, letting stand a ruling that protects their right to sleep on the sidewalk or in public parks if no other shelter is available. The justices without comment or a dissent s

      3 min read

    • Article

      How to Hire a Financial Planner You Trust

      Aug 10, 2020

      Ryan Ermey: Amid current economic chaos you may be considering financial advice, but who should you hire? How much should you pay them? And how do you know they're on the up and up? I sit down with CFP Board CEO Kevin Keller to get answers to these q

      18 min read

    • Article

      Learning Nothing from Yesterday

      Jun 18, 2019

      Learning Nothing from Yesterday
      4 min read

    • Article

      Top 10 Estate Planning Tips in a Time of Coronavirus

      Jun 16, 2020

      It has arrived: the unexpected, potentially life-threatening circumstance you had in mind when you set up your estate plan, and now you're feeling really relieved that you took care of it before the emergency struck. Right? Even if you haven't alrea

      5 min read

    • Article

      The Not-So-Supreme Court

      Sep 25, 2019

      The Not-So-Supreme Court
      4 min read

    • Article

      The End of Civil Rights

      Jun 18, 2018

      The End of Civil Rights
      16 min read

    • Article

      House of Cards

      Oct 11, 2019

      House of Cards
      15 min read

    • Article

      Charitable Giving Under the New Tax Law

      Mar 8, 2018

      The chance to get a deduction for their generosity often motivates charitable givers to become even more generous and write larger checks. But under the Tax Cuts and Jobs Act, far fewer taxpayers will itemize deductions when they file their tax retur

      9 min read

    • Article

      How To Build A Compelling Business Story

      Jul 18, 2023

      I've come to understand that marketing success boils down to a simple equation: Story+relationship+opportunity = profile Your story matters because it helps people understand why you do what you do. Your story matters because if people buy into your

      2 min read

    • Article

      Compliance Is Riskier Than Ever

      Jan 31, 2020

      Compliance Is Riskier Than Ever
      4 min read

    • Article

      Fiduciary Rule Struck Down But Plan Sponsors Not Off the Hook

      Apr 23, 2018

      On March 15, 2018, the 5th Circuit Court vacated the entire DOL fiduciary rule. The decision essentially nullifies the rule, which was designed to require financial professionals to put their clients' needs ahead of their own when advising them on re

      4 min read

    • Article

      Questions for Heidi Franken, Deputy Director of Enforcement, Ontario Securities Commission

      Jan 1, 2018

      You head up the Ontario Securities Commission’s new Office of the Whistleblower. What is its mission? The program is primarily an investor protection policy aimed at serious securities misconduct. This misconduct can be difficult to detect without th

      6 min read

    • Article

      Can You Just Walk Away from a Debt-Riddled Business and Start Fresh?

      May 28, 2020

      In the wake of the coronavirus shutdown, many business owners are under immense financial stress caused by the economic impact of a nearly worldwide standstill. Some may be in or at risk of breach or default. Creditors may be jockeying for payment an

      7 min read

    Related categories

    Reviews for Ensuring Corporate Misconduct

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Ensuring Corporate Misconduct - Tom Baker

      Enjoying the preview?
      Page 1 of 1