Executive insurance may fail to provide cover when managers are investigated by their own companies.
Changes in the way that companies and authorities interact mean that traditional insurance products for directors and officers may not provide executives with the protection they now require, according to insurance firm Marsh.
As regulators and prosecutors increasingly seek to hold individuals on boards and in senior management personally accountable for "corporate wrongdoing", there is increased pressure for companies to investigate internal conduct and report any findings to authorities.
Companies that cooperate in this way may be able to ent
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