Analysis on the Actual Demand of Directors' and Officers' Liability Insurance in China
Sun Hong-tao
Abstract
Sun Hong-tao
Abstract
At present,China's directors' and officers' liability insurance market runs into a temporary declining period.Although great attention has been paid to the insurance in the market,only few people covered insurance.In fact,with the independent director system being clearly stipulated in the Corporation Law of China,the gradual perfection of the legal system of civil compensation liability of directors,the increasing risk of the enterprises to become listed companies in foreign markets,and the need to protect the legal rights of minority shareholders,the directors' and officers' liability insurance will be more and more important,and the market will meet better development opportunities.
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At present,China's directors' and officers' liability insurance market runs into a temporary declining period.Although great attention has been paid to the insurance in the market,only few people covered insurance.In fact,with the independent director system being clearly stipulated in the Corporation Law of China,the gradual perfection of the legal system of civil compensation liability of directors,the increasing risk of the enterprises to become listed companies in foreign markets,and the need to protect the legal rights of minority shareholders,the directors' and officers' liability insurance will be more and more important,and the market will meet better development opportunities.
Key concepts: Business, Liability insurance, China, Shareholder, Corporation, Liability, Insurance law, Legal liability