In the current economic climate we are witnessing shareholders, suppliers and even employers becoming increasingly litigious.
As a result of this and increased government regulations the onus on directors has become vast. They are required to have a great deal of information and knowledge at their fingertips. Not only are directors' duties extensive but they could be left personally liable if a suit is brought against them for a potentially wrongful act.
Our Directors and Officers Policy can offer individual protection to the directors but also provides protection to the Company balance sheet. We at LONMAR are conscious that both these entities need protection.
Giles Smithson
