Wildy logo
(020) 7242 5778

Wildy’s Book News

Book News cover photo

Vol 22 No 4 April/May 2017

Book of the Month

Cover of Whistleblowing: Law and Practice

Whistleblowing: Law and Practice

Price: £175.00

Pupillage & Student Offers

Special Discounts for Pupils, Newly Called & Students

Read More ...

Secondhand & Out of Print

Browse Secondhand Online


UK Public Holiday May 2017

Wildy's will be closed on Monday 29th May and will re-open on Tuesday 30th May.

Online book orders received during the time we are closed will be processed as soon as possible once we re-open on Tuesday.

As usual Credit Cards will not be charged until the order is processed and ready to despatch.

Any non-UK eBook orders placed after 5pm on the Friday 26th May will not be processed until Tuesday 30th May. UK eBook orders will be processed as normal.

Hide this message

The Effect of D&O (Directors and Officers) Insurance on Managerial Risk Taking

ISBN13: 9781780683485
Published: October 2015
Publisher: Intersentia Publishers
Country of Publication: UK
Format: Paperback
Price: £74.00

Low stock.

Risk taking in business contributes towards innovation. Yet excessive risk taking is associated with corporate failure. Many authors have analysed the relationship between personal liability rules of managers and excessive risk taking. In this context, previous researchers have often argued that insurance against personal liability of the manager (D&O insurance) would weaken the manager’s incentive to take care.

However, little is known about the workings and effects of D&O insurance. This book analyses how D&O insurance should work ideally and how it currently works in the USA, the UK, the Netherlands and Germany.

It illustrates how D&O insurance threatens – but also benefits – society and the economy. In fact, a properly functioning D&O insurance system can more elegantly incentivize adequate risk taking than for example, direct regulation of managerial activity (e.g. disqualification) or the adoption of harsher liability rules.

This book provides an overview of the implications of D&O insurance, in particular to:

  • policy makers who can take concrete reform proposals from this book;
  • investors who can increase their returns by using the information on corporate D&O insurance policies;
  • creditors who can better estimate their debtor’s default risk by understanding the debtor’s D&O insurance policy; and
  • finally, prospective insurers who can learn in depth about the D&O market, the policy design and the D&O risk.

Insurance Law
Chapter 1. Introduction (p.
Chapter 2. Managerial liability (p.
Chapter 3. Risk bearing and insurance (p.
Chapter 4. Obstacles to risk bearing and insurance (p.
Chapter 5. D&O insurance (p.
Chapter 6. National managerial liability rules (p.
Chapter 7. Empirical evidence on the effect of D&O insurance (p.
Chapter 8. Qualitative analysis of the D&O insurance (p.
Chapter 9. Obstacles to D&O insurance and recommendations (p.
Chapter 10. Conclusion (p.
Summary (p.
Samenvatting (p.
Zusammenfassung (p.
List of references (p.
Curriculum vitae (p.