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Directors' Liability: A new era of risk exposure

Financial, Executive and Professional Risks (FINEX)
N/A

January 31, 2020

Discover the results of the Willis Towers Watson and Allen & Overy Directors’ Liability survey, which asked board members what issues are keeping them awake at night.

In this seventh edition of our annual report in conjunction with Allen & Overy, we interviewed over 250 directors, non-executive directors, partners, in-house lawyers, risk officers and compliance professionals from across the globe, to help us assess what they consider to be the key areas of risk.

Key findings include:

  • More than half (54%) of the respondents reported a direct experience of either a significant cyber-attack or sizeable data loss in the past 12 months which is up from 44% last year;
  • 83% of respondents believe they understand their organisation’s corporate culture but worryingly only 59% of business leaders believe they can change it, with this figure rising to 67% in listed companies;
  • 49% of respondents have experienced a criminal or regulatory claim involving leaders of their company in the last 12 months (compared to 27% in 2016 and 2017, and 34% in 2018);
  • 40% of respondents felt that climate change was a significant risk for their business.

Download the report to:

  • Delve into the findings of interviews with over 250 directors, non-executive directors, partners, in-house lawyers, risk officers and compliance professionals from across the globe.
  • Discover the impact of cyber attacks and data breaches to your law firm. As well as notable increase in the focus on the challenge of driving good corporate culture, which, for the first time, features in the top five legal, regulatory and business risks are worrying respondents. Should you be worried too?
  • Find out the top topics that you should be aware of as they are moving quickly to the top of the agenda of boards.

Get your copy of the report and discover what the findings mean for your firm.

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