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Directors' Liability: A new era of risk exposure

In this report we explore the ever-expanding personal accountability faced by company directors at a time when regulators and enforcement agencies continue to have management in their sights.

In this seventh edition of our annual report in conjunction with Willis Towers Watson, we interviewed over 250 directors, non-executive directors, partners, in-house lawyers, risk officers and compliance professionals from across the globe, to help us assess what they consider to be the key areas of risk.

The impact of cyber attacks and data breaches remains the main concern. There has also been a notable increase in focus on the challenge of driving good corporate culture, which, for the first time, features in the top five legal, regulatory and business risks that are worrying respondents.

Despite the fact that no companies have been found liable for the effects of climate change to date, let alone any directors and officers, the results of our survey indicate that this is also fast moving to the top of the agenda of boards.

 

Key takeaways

Download the Directors' Liability report

Welcome to this seventh edition of our annual series looking at directors’ liabilities, in which we explore the ever-expanding personal accountability faced by company directors at a time when regulators and enforcement agencies continue to have management in their sights.