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Financial Directions - Directors worried by personal liability.
(From Financial Director)
An Eversheds survey* of 100 UK directors (including finance directors) in large PLCs has explored their key business and personal concerns. It found that half are worried by growing personal exposure to risk, with a quarter concerned about their lack of directors and officers liability insurance.
The report also found that nearly 60% of respondents are hampered by increasing red tape. But only 36% stated that managing shareholder or City expectations was a major concern.
Despite the director's worries regarding personal liability, 70% claimed to be unfamiliar with the Financial Services and Markets Act, and 78% were indifferent to the ...
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