Risk & Business Magazine Cooke Insurance Magazine Summer 2018 - Page 27

D & O LIABILITY SCORECARD
DIRECTORS & OFFICE PRACTICES YES NO UNSURE SCORE
12 . Has your business established formal procedures to inform directors and officers of new developments within the company ? q q q
13 . Has your business established a formal training process to ensure that directors have a sound understanding of their duties , responsibilities and obligations ? q q q
14 . Does your business ’ s by-laws and / or charter indemnify directors and officers to the fullest extent permitted under the applicable provincial and federal laws ? q q q
15 . Does your business require its directors and officers to report all potential conflicts of interest ? q q q
16 . Does your business require its directors and officers to document and justify all major decisions ? q q q
17 . Does your business provide directors and officers with access to legal counsel when they are faced with difficult decisions or when requested ? q q q
SECTION SCORE :
HR PRACTICES
YES NO UNSURE SCORE
18 . Does your business have an HR Department ? q q q
19 . Does your business have an employee handbook that has been reviewed by legal counsel ? q q q
20 . Does your business distribute a copy of your handbook to all employees , including those with managerial and supervisory responsibilities ? q q q
21 . Does your business require all employees to acknowledge receipt of your employee handbook ? q q q
22 . Does your business have formal guidelines and written procedures to address compliance with the Canadian Human Rights Act , provincial human rights codes and provincial employment standards ? q q q
23 . Does your business have formal guidelines and written procedures for disciplining and terminating employees ? q q q
24 . Does your business have a formal process for addressing and resolving employee grievances ? q q q
25 . Does your business have a formal process for conducting employee evaluations ? q q q SECTION SCORE :
TOTAL SCORE :
MODERATE RISK : 0-40 POINTS HIGH RISK : 44-64 POINTS ESCALATED RISK : 68-100 POINTS
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D&O LIABILITY SCORECARD DIRECTORS & OFFICE PRACTICES YES NO UNSURE 12. Has your business established formal procedures to inform directors and officers of new developments within the company? q q q 13. Has your business established a formal training process to ensure that directors have a sound understanding of their duties, responsibilities and obligations? q q q 14. Does your business’s by-laws and/or charter indemnify directors and officers to the fullest extent permitted under the applicable provincial and federal w3RFW2W"'W6W72&WV&RG2F&V7F'2Bff6W'2F&W'BFVF6fƖ7G0bFW&W7CbFW2W"'W6W72&WV&RG2F&V7F'2Bff6W'2FF7VVBBW7Fg"FV663rFW2W"'W6W72&fFRF&V7F'2Bff6W'2vF66W72FVv6V6VvVFW&Rf6VBvFFff7VBFV662"vV&WVW7FVCU2T5U$PFW2W"'W6W72fR"FW'FVCFW2W"'W6W72fRVVRF&FB2&VV&WfWvVB'Vv6V6V#FW2W"'W6W72F7G&'WFR6bW"F&FVVW26VFpF6RvFvW&B7WW'f6'&W76&ƗFW3#FW2W"'W6W72&WV&RVVW2F6vVFvR&V6VBbW"VVPF&#"FW2W"'W6W72fRf&wVFVƖW2Bw&GFV&6VGW&W2FFG&W706Ɩ6RvFFR6FV&vG27B&f6V&vG26FW2@&f6VVB7FF&G3#2FW2W"'W6W72fRf&wVFVƖW2Bw&GFV&6VGW&W2f"F66ƖpBFW&֖FrVVW3#BFW2W"'W6W72fRf&&6W72f"FG&W76rB&W6frVVPw&Wf6W3#RFW2W"'W6W72fRf&&6W72f"6GV7FrVVRWfVF344$P4T5D44$S"$5D4U044$P4T5D44$SDD44$SDU$DR$4CE0t$4CBcBE0U44DTB$4cE0#p