Directors' Liability Insurance Faced Difficulties at the Beginning
Directors & Officers Liability Insurance (D&O) can potentially be very popular in Russia, but is still facing legislative and judicial restrictions, low awareness and poor competence of managers in small and medium enterprises (SMEs). Such opinions were voiced at a conference on corporate governance and risk insurance in the Chamber of Commerce and Industry (CCI) of Russia, a Vedomosti correspondent reports.
Directors & Officers Liability Insurance (D&O) may potentially be in high demand in Russia, but so far it faces legislative and judicial restrictions, low awareness and poor competence of managers in small and medium-sized enterprises (SMEs). Such opinions were voiced at a conference on corporate governance and risk insurance in the Chamber of Commerce and Industry (CCI) of Russia, a Vedomosti correspondent reports.
