The fourth publication in our acclaimed “Roads to” thought leadership series is focused on the concept of corporate purpose within a shifting business and risk environment. Corporate purpose has risen up the agenda over the past decade. Roads to Repurposing is an in-depth examination of the concept, aimed at business leaders, policymakers and risk professionals. The report looks at what is being covered under the label ‘corporate purpose’ and ‘repurposing’, why these ideas have acquired such an urgency within the business world, and how companies are applying and using them to improve their business performance and manage risk.

A new guide, this addresses 12 frequently asked questions associated with D&O coverage, posed from a director’s perspective. The Guide aims to provide an insider’s guide to directors’ and officers’ liability insurance (D&O) for end users, and for board members in particular. Twelve questions make up the core of the guide, focusing on practical issues that commonly arise. Although designed to be answered by reference to specific policy wordings, the answers are intended to provide general guidance as to the likely position, subject to the significant caveat that no two D&O policies are the same.

The Insurance Act was the most fundamental change to UK law governing commercial insurance and reinsurance since the Marine Insurance Act 1906. It governs all polices placed, amended or renewed after the 12th August 2016 and aimed to address the imbalance between insurer and insured rights and encourage a deeper understanding of the risk by all relevant parties. The legislation made significant changes to: the pre-contract duty of disclosure, insurer remedies in the event of a breach of the new duty of fair representation and certain terms used in policy wordings. This guide aims to assist risk professionals in making the most of the benefits of the Insurance Act, while ensuring their own compliance with the duties placed upon them.

Companies seek to seize and deliver on opportunities that create long-term value that are aligned to their purpose. But every opportunity and every action (or inaction) has an associated risk. Investing is as much about assessing the risk as the related opportunity. This means that all organisations have a story to tell on these topics to investors, regulators and other stakeholders. But is this story clear, is it connected and does it reflect the organisation’s processes?