Officers to face backdating directors insurers claims cuba dating personals
At the same time, insurance companies will be looking for ways to minimize, or even evade entirely, their coverage obligations.As a result, targets of backdating investigations must move quickly to protect their insurance coverage.Defending these investigations and lawsuits will be costly, and any resulting liabilities threaten to be substantial.A list of herpes dating websites from all over the internet.The executives commenting on the D&O market were among those at a Joint Property Casualty Insurers Forum sponsored by the Insurance Information Institute in New York.Introduction In the past year, many corporations have faced intense scrutiny from regulators, prosecutors, shareholders, and plaintiffs’ attorneys related to the so-called backdating of stock options for corporate executives.exemplifies the potential risks faced by in-house corporate counsel. Indeed, the SEC has indicated that, consistent with its heightened concern since the enactment of the Sarbanes-Oxley Act in July 2002 with the role of lawyers as “gatekeepers” in preventing corporate fraud, it is closely monitoring the role of general counsel in granting stock options. Directors’ and Officers’ (“D&O”) liability policies offer a potentially valuable source of funding for defending against and settling these claims.Thus, when faced with allegations of improper practices by in-house counsel regarding stock options, policyholders should carefully review the terms of their policies to ensure that they take all possible steps to preserve and maximize coverage.
Although the practice of backdating stock options itself is not necessarily illegal, it may lead to a host of tax and regulatory liabilities.In this article we explain the problem and see to what extent it may have an impact on the UK market. A stock option is a contractual right granted to executives to purchase a stock in the future at a fixed price: the "exercise" or "strike" price.