Details to know about directors and officers insurance
With the surge in rules and regulations in recent years, it sometimes seems that directors should adopt the mantra “expect the worst.” It’s never a bad idea to prepare for the worst, but the best mantra for a director may be “never assume anything.”
Presupposing that a CU or its directors will never get sued by a disgruntled member could lead to trouble. And while great board leadership behavior is the best protection, directors and officers insurance needs to be ...
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