Loss Prevention Guidelines for Independent Directors

In today's post-Enron era, independent directors are expected to diligently perform a wide variety of tasks, including strategic planning, CEO nurturing, financial and operations oversight and legal compliance. As such, they face numerous liability exposures, any of which can threaten their personal assets.

With The Sarbanes-Oxley Act of 2002 and the continuing stream of ever-more expensive shareholder claims against directors and officers, the financial and reputational risks to independent directors have never been greater. This booklet -- by Chubb & Son -- Loss Prevention Guidelines for Independent Directors, provides perspectives on the expanding roles and increasing importance of independent directors and guidance on good corporate governance and best practices.