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D&O Insurance - Do you need it?

POH MUI HOON clears the misconceptions that it is not necessary for directors to be covered

BEING on the board of directors of a company is a privilege. However, it comes with responsibilities - and liabilities. You may, for example, be sued by, say, a stakeholder who suffers financial loss and attributes it to a failure of your duty as a director. Directors and Officers (D&O)