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《The Theory and Practice of Finance and Economics》 2003-04
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On Independent Directors' Liability Insurance

Deng Chengming Li Hansheng (Law school, Hunan University, Changsha, 410079)  
Independent directors' Liability Insurance is such a sort of insurance, when an independent director brings about the third party's economic loss for his negligence or improper actions during work, the insurer pays insurance money to the insurant in accordance with contract. In our country, there is no such kind of insurance by now. In this essay, therefore, the meaning of independent directors' liability insurance is analysed as well as the risks that independent directors may encounter in our country. The essay also explains several reasons why the present directors' and officials' liability insurance is not able to satisfy independent directors' need of transference of their job risks. It discusses the necessity of independent directors' liability insurance and puts forward the primary conception of this insurance as well.
【CateGory Index】: F842.6
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