Are You Underestimating Your D&O Liability? - Exponent Philanthropy

Are You Underestimating Your D&O Liability?

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D&O liability insurance provides protection for foundation directors and officers against a list of claims alleging mismanagement or “wrongful acts” within the foundation. Such acts include discrimination, harassment, wrongful termination, inefficient administration, waste of assets, and misleading reports.

Some foundations believe they can get by without this important protection, but court cases have indicated otherwise.

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