Court and the act

Directors and officers insurance would appear to offer corporate officers cover should they fail to comply with the Sarbanes-Oxley Act. But is the complexity of policies leaving many unwittingly exposed?

The 2002 Sarbanes-Oxley Act, introduced in the wake of the Enron debacle to strengthen corporate governance for public companies in the US, exposes executives to a personal liability for any violation of its law. Meanwhile, the directors and officers (D&O) insurance market has roughly doubled in the last two years, according to reinsurance and risk management company General Re.

This type of executive insurance covers corporate officers for the legal costs of third-party litigation and for fines

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