SINGAPORE, June 21, 2012 /PRNewswire-Asia-AsiaNet/ —
Latest Edition of Asia Directors’ Series Addresses Top Risk Factors
Actions against company directors and officers from employees and regulators are on the rise in Asia, putting their personal assets at risk, according to Marsh’s latest Asia Directors’ Series quarterly publication.
According to Marsh, there are two distinct liability trends that are emerging for company directors and executives across Asia. The first is the rise in corporate corruption cases being brought against executives under the U.S. Foreign Corruption Practices Act (FCPA), the U.K. Bribery Act and other local regulations. The second is the increase in employee-led litigation, as workplace laws evolve and employees become more aware of and comfortable with asserting their rights.
Alan Cheah, Managing Director and Region Head for Marsh in Asia, said: “Historically, directors have enjoyed a relatively benign litigation culture in Asia. However, a range of stakeholders — including employees, shareholders and regulators — are becoming increasingly aggressive. The personal assets of company directors and executives across Asia are now more exposed to threat from litigation than ever before.”
In the second Asia Directors’ Series issue for 2012, Marsh takes an in-depth look at:
— The implication of the FCPA and the U.K. Bribery Act for directors and executives in Asia
— The rise of employee-led litigation and employment practices liability across the region
— Understanding the nature and triggers of a directors’ and officers’ liability insurance claim
To download the latest Marsh’s Asia Director Series, please click here( http://www.marsh-asia.com/pdf/2012/Marsh_Directors_Series_Issue22012.pdf ).
Marsh( http://usa.marsh.com ), a global leader in insurance broking and risk management, teams with its clients to define, design, and deliver innovative industry-specific solutions that help them protect their future and thrive. It has approximately 26,000 colleagues who collaborate to provide advice and transactional capabilities to clients in over 100 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies( http://www.mmc.com ) (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. With 53,000 employees worldwide and annual revenue exceeding US$11 billion, Marsh & McLennan Companies is also the parent company of Guy Carpenter( http://www.guycarp.com ), a global leader in providing risk and reinsurance intermediary services; Mercer( http://www.mercer.com/home ), a global leader in human resource consulting and related services; and Oliver Wyman( http://www.oliverwyman.com/index.html ), a global leader in management consulting. Follow Marsh on Twitter @Marsh_Inc( http://twitter.com/@Marsh_Inc ).