D&O insurance
Directors' and officers' liability insurance bought by the company to cover defense costs and settlements of claims against its directors and officers; it typically excludes fraud and deliberate wrongdoing.
In SpanishEn español
seguro de responsabilidad de consejeros y directivos (D&O)
Seguro que contrata la empresa para cubrir defensa e indemnizaciones de reclamos contra consejeros y directivos; normalmente excluye fraude y dolo.
ExamplesEjemplos
- The D&O policy paid the directors' lawyers, but not the penalties for fraud. La póliza D&O pagó a los abogados de los consejeros, pero no las multas por fraude.
RelatedRelacionados: exculpation clause, board of directors and officers
Cases: SEC v. DHB Industries (Point Blank) and its former outside directors
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