Sarah Downey, D&O Products Leaders and Claims Advocate, Marsh USA at TKG's The Implications of Yates Memo on D&O Indemnification
The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Sarah Downey, D&O Products Leaders and Claims Advocate, Marsh USA will speak at the Knowledge Group’s webcast entitled: The Implications of Yates Memo on D&O Indemnification, Fee Advancement and Insurance LIVE Webcast.
- Jersey City, NJ (1888PressRelease) June 26, 2017 - This event is scheduled Thursday, July 27, 2017 @ 3:00 pm to 4:30 pm (ET).
For further details, please visit:
https://www.theknowledgegroup.org/the-implications-of-yates-memo-on-do-indemnification-fee-advancement-and-insurance-live-webcast/
About Sarah Downey
SARAH DOWNEY is the D&O Product Leader and a FINPRO Claims Advocate at Marsh USA, Inc. Ms. Downey graduated from Fordham University School of Law. As the Marsh D&O Product Leader Ms. Downey is responsible for developing and implementing Marsh’s strategy with respect to the D&O product overall and with regard to interaction with colleagues, clients and prospects. Ms. Downey is also leading Marsh’s efforts in the creation and delivery of D&O Thought Leadership. In her role as a Claims Advocate, Ms. Downey specializes in complex coverage and claims issues concerning mainly directors and officers insurance. Prior to joining Marsh, Ms. Downey was in private practice where she advised insurers and corporate clients with respect to the interpretation of policy wording and counseled clients with respect to coverage recommendations and resolution strategies. She also successfully represented insurer clients in coverage and bad faith litigation in a variety of state and federal court actions.
About Marsh USA
Marsh is a global leader in insurance broking and risk management. Marsh helps clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. Marsh’s approximately 30,000 colleagues work together to serve clients in more than 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and people. With annual revenue of US$13 billion and approximately 60,000 colleagues worldwide, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a leader in providing risk and reinsurance intermediary services; Mercer, a leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a leader in management consulting.
Event Synopsis:
On September 9, 2015, then Deputy Attorney General Sally Yates issued a memorandum citing the Department of Justice's (DOJ) focus on the prosecution of individuals responsible for corporate misconduct. The memo has raised concerns among company directors and officers about the adequacy of their indemnification, fee advancement and insurance policy to protect them in a DOJ investigation.
A well-drafted indemnification agreement helps companies do the right thing when providing individual D&Os with important protections like advancement of legal fees. It clearly outlines who is entitled of indemnification, the scope of indemnity and the limitations on the right to indemnity. The advancement provisions also allows for payment of fees throughout the case.
Companies must take a critical review of their D&O insurance program and expect potential statutory and case law limitations, enforcement hurdles, and the interplay of indemnification provisions to avoid potential risks and legal pitfalls.
In this LIVE Webcast, a panel of thought leaders and practitioners assembled by The Knowledge Group will discuss the implications of the Yates Memo on D&O indemnification, fee advancement and insurance. Speakers will offer best practices on drafting or reviewing indemnification agreements and D&O insurance policies to ensure protection during a DOJ investigation.
Some of the major topics that will be covered in this course are:
• Impacts of Yates Memo to D&O Indemnification, Advancement and Insurance
• Obtaining Cooperation Credit from the Government
• Key Considerations when Reviewing D&O Insurance Program
• Drafting/Reviewing Indemnification and Advancement Provisions
• Protecting D&O Indemnification and Advancement Rights
About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/
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