
ANALYSIS OF COMPANY STATUTORY BODIES MEMBERS? LIABILITY AND ADVANTAGES OF DIRECTORS AND OFFICERS LIABILITY INSURANCE
(STEF92 Technology, 2017, M. Krugerova, M. Koziel)
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Background: The members of statutory bodies of corporations are responsible for the damage caused by them personally and unlimitedly within the period of their function. Legal claims for compensation can be submitted by the company, shareholders, creditors, bankruptcy administrator or employees. The negative consequences of decision made by statutory body can occur even after longer period of time and can influence other subjects (e.g. husband, wife, heirs). Directors and officers liability insurance covers damage...

