GIFA Academy Event: Directors’ Liability for Managing Risk-From a Dusty Corner to the Spotlight

Directors’ Liability for Managing Risk – From a Dusty Corner to the Spotlight

Developing Best Practices and Leadership in Risk and Insurance Decisions, presented by Jonathan Bates, Thorndon

Building on the insights shared during the November 2023 seminar on evolving practices under revised capital adequacy requirements for Professional Indemnity (PI) Insurance, Thorndon returns with an update. This session will focus on the latest practices, challenges, and solutions that licensee Boards, Company Secretaries, and administrators are facing.

Topics to be covered include:

• A Refresher on Obligations and Liabilities: An overview of the liability framework and the structure within the licensee and fund management community.
• No ‘One-Size-Fits-All’ Approach: Insights into the varying internal and external risk management arrangements, highlighting both common and unique scenarios.
• Case Studies and Real-World Experiences:
  • Moving Beyond the ‘Tick Box’ Mentality: Understanding why a simple checklist approach is inadequate.
  • Preparing for Multi-Year, Multi-Million Pound Legal Battles: What to expect, who will be involved, and the implications for risk management.

This seminar aims to provide practical guidance and foster leadership in making informed risk and insurance decisions.

This seminar will be aimed at licensee Directors, Managers, Co. Sec./administrators and compliance officers.

The event is being held at Les Cotils, in the Harry Bound room. We would politely request you arrive in good time to register for the presentation, which will start promptly at 12.30pm.