Environmental risks could prove greatest threat to company profits
Company directors face hefty fines and possible prison sentences due to a lack of protection against...
Company directors face hefty fines and possible prison sentences due to a lack of protection against exposure to environmental issues, a report from Aon has warned.
With many directors and non-executive directors unaware of the common exclusion of environmental liabilities from directors' and officers' policies, they are vulnerable to growing regulatory intolerance to inadequate provisions, the report suggests.
Aon further stressed that environmental risks could represent the biggest threat to a
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