Directors & Boards, January 1st, 2008
AS A DIRECTOR, you are at greater risk of a foreign directors and officers (D & O) liability lawsuit today than ever before, and your financial exposure is growing.
The adoption of new laws by countries outside the United States, as well as more stringent corporate governance and increased regulatory activity, are creating an increasingly litigious multinational business environment. For example, when South Korea enacted the securities-related Class Action Act of Korea, the number of securities lawsuits filed increased from 18 cases in 2000 to 326 cases in 2004. Meanwhile, investors are rea...
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