Commentary: How Compliance Officers & Firms Can Help Limit CCO Personal Liability
This article originally appeared on the Thomson Reuters Regulatory Intelligence subscription service for compliance and risk professionals and is reprinted with the permission of Thomson Reuters.
How Compliance Officers & Firms Can Help Limit CCO Personal Liability
This January, Janaya Moscony, president of SEC3, was interviewed by Julie DiMauro – Thomson Reuters.
CCO Liability (Part III): Managing Liability Webinar
In this webinar, panelists discuss indemnifications and insurance as potential remedies to address the direct financial risks to a CCO.
Listeners will learn:
- What terms and conditions should Chief Compliance Officers be aware of with respect to insurance policies and riders?
- Are CCOs still covered once they leave a firm?
- What factors may a board wish to consider in connection with approving or renewing a D&O/E&O insurance policy?
- What are the protections/defenses in place for fund directors? Are CCOs afforded the same protections? Also, is outside counsel ever subject to potential liability?
- Are Fund Directors ever found personally liable or are they covered by fund assets and/or D&O/E&O insurance policies?
- What is the biggest misconception about cyber insurance?
