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Directors and officers liability insurance: A deep dive on bribery and corruption

An in-depth exploration of bribery and corruption risks and potential cover available under a D&O insurance policy – from investigation to prosecution to fines and penalties and more.

In recent years, there has been heightened media focus on the prevalence of bribery and corruption activities both domestically and internationally. Notably, Australia is taking steps to strengthen anti-bribery laws. Regulators around the world are increasingly engaging in collaborative efforts and information sharing in an effort to apply greater scrutiny on corporate and individual conduct. This worldwide effort aims to support and facilitate the prosecution for unethical behaviour and promote responsible business practices.

Marsh’s latest whitepaper provides an in-depth exploration of bribery and corruption risks and potential cover (and limitations) available under a directors and officers (D&O) liability insurance policy – from investigation to prosecution to fines and penalties and more.

In addition to insurance cover, for companies looking to protect their directors, officers, business and reputation from bribery and corruption, effective risk management frameworks and compliance culture in preventing and addressing corruption are paramount.

Download the whitepaper to learn more.

Whitepaper

Directors and officers liability insurance: A deep dive on bribery and corruption

Our people

Melita Simic

Melita Simic

Head of Technical Services, Pacific

  • Australia

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Richard Garside

Head of Financial and Professional Services, Pacific

  • Australia

This document and any recommendations, analysis, or advice provided by Marsh (collectively, the ‘Marsh Analysis’) are not intended to be taken as advice regarding any individual situation and should not be relied upon as such. This document contains proprietary, confidential information of Marsh and may not be shared with any third party, including other insurance producers, without Marsh’s prior written consent. Any statements concerning actuarial, tax, accounting, or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial, accounting, tax, or legal advice, for which you should consult your own professional advisors. Any modelling, analytics, or projections are subject to inherent uncertainty, and the Marsh Analysis could be materially affected if any underlying assumptions, conditions, information, or factors are inaccurate or incomplete or should change. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Except as may be set forth in an agreement between you and Marsh, Marsh shall have no obligation to update the Marsh Analysis and shall have no liability to you or any other party with regard to the Marsh Analysis or to any services provided by a third party to you or Marsh. Marsh makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or re-insurers. Marsh makes no assurances regarding the availability, cost, or terms of insurance coverage. LCPA 24/257

Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.”