Justia

Directors in the dock

The modern liability environment brings with it a number of stereotypes, from individuals who treat a perceived tort by a major corporation as a lucky lottery win, to ambulance-chasing lawyers who help self-styled victims seek their fortunes. But beyond the stereotypes, liability is a serious issue for companies and one that cannot be ignored.

To manage the risks involved effectively, businesses first need accurate information – on both current issues and likely emerging trends. But just as importantly, they need to put in place robust, policies and processes to anticipate and mitigate what is becoming a more prevalent and costly problem.