LEADER 04098nam 2200721 a 450 001 9910815439403321 005 20240513184743.0 010 $a1-283-05808-1 010 $a9786613058089 010 $a0-226-03507-7 024 7 $a10.7208/9780226035079 035 $a(CKB)2560000000055436 035 $a(EBL)655794 035 $a(OCoLC)703138014 035 $a(SSID)ssj0000468833 035 $a(PQKBManifestationID)12164318 035 $a(PQKBTitleCode)TC0000468833 035 $a(PQKBWorkID)10507447 035 $a(PQKB)11234836 035 $a(StDuBDS)EDZ0000122526 035 $a(MiAaPQ)EBC655794 035 $a(DE-B1597)523920 035 $a(OCoLC)1058044252 035 $a(DE-B1597)9780226035079 035 $a(Au-PeEL)EBL655794 035 $a(CaPaEBR)ebr10444599 035 $a(CaONFJC)MIL305808 035 $a(OCoLC)703175124 035 $a(EXLCZ)992560000000055436 100 $a20100628d2010 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aEnsuring corporate misconduct $ehow liability insurance undermines shareholder litigation /$fTom Baker and Sean J. Griffith 205 $a1st ed. 210 $aChicago ;$aLondon $cUniversity of Chicago Press$d2010 215 $a1 online resource (295 p.) 300 $aDescription based upon print version of record. 311 $a0-226-03515-8 320 $aIncludes bibliographical references and index. 327 $aIntroduction -- Shareholder litigation -- An introduction to directors' and officers' liability insurance -- The puzzle of entity-level D&O coverage -- Pricing and deterrence -- Insurance monitoring and loss-prevention programs -- The D&O insurer at defense and settlement -- What matters in settlement? -- Coverage defenses and disputes -- Policy recommendations: improving deterrence. 330 $aShareholder litigation and class action suits play a key role in protecting investors and regulating big businesses. But Directors and Officers liability insurance shields corporations and their managers from the financial consequences of many illegal acts, as evidenced by the recent Enron scandal and many of last year's corporate financial meltdowns. Ensuring Corporate Misconduct demonstrates for the first time how corporations use insurance to avoid responsibility for corporate misconduct, dangerously undermining the impact of securities laws. As Tom Baker and Sean J. Griffith demonstrate, this need not be the case. Opening up the formerly closed world of corporate insurance, the authors interviewed people from every part of the industry in order to show the different instances where insurance companies could step in and play a constructive role in strengthening corporate governance-yet currently do not. Ensuring Corporate Misconduct concludes with a set of readily implementable reforms that could significantly rehabilitate the system. 606 $aExecutives' liability insurance$zUnited States 606 $aExecutives' liability insurance$xLaw and legislation$zUnited States 606 $aStockholders' derivative actions$zUnited States 606 $aLiability insurance$zUnited States 610 $aliability, insurance, company, institutional, institution, shareholder, litigation, legal, laws, law school, higher education, college, university, lawyer, textbook, finance, economics, economy, corporation, illegal, responsibility, blame, securities, corporate, governance, change, united states, executive, progress, reform, stockholder, coverage, pricing, health, wellness. 615 0$aExecutives' liability insurance 615 0$aExecutives' liability insurance$xLaw and legislation 615 0$aStockholders' derivative actions 615 0$aLiability insurance 676 $a368.5/6 700 $aBaker$b Tom$f1959-$01608774 701 $aGriffith$b Sean J$01608775 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910815439403321 996 $aEnsuring corporate misconduct$93935697 997 $aUNINA