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A thorough approach to processes and procedures was one of the lessons for directors from legal experts at Collas Crill's latest directors' duties conference.
The event, that took place on Tuesday 25 April, saw Wayne Atkinson and Gareth Bell, partners from Collas Crill, alongside leading barrister Philip Marshall QC from Serle Court and insurance and professional negligence specialist Greig Anderson of Herbert Smith Freehills LLP present on what directors need to know and do in the modern regulatory era.
Gareth, a partner in Collas Crill's dispute resolution practice who specialises in complex financial services litigation, kicked off the event discussing recent case law from last year involving claims against directors.
Looking at three key cases from 2016, Gareth took the audience through the facts behind the judgement, explaining how the directors were exposed and what position the Court took.
Gareth also emphasised the kind of advice that directors should seek to protect themselves ahead of any possible litigation.
Contentious insurance specialist Greig Anderson then provided an insight into directors and officers liability insurance, its scope of coverage and why a holistic approach to risk management should be adopted.
Greig highlighted the importance of fully reviewing insurance documentation, understanding its application and regularly revisiting it to ensure that the correct coverage for both director and company is in place in the event of a claim.
