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Top liabilities of directors include those relating to corruption and bribery, cyber threats, loss of data and criminal which may not only cause costs, fines and penalties but imprisonment.

The liabilities do not finish when a director leaves so directors should ensure that they have D and O Insurance during and after they hold office.

While in office it is imperative they know their liabilities, take immediate action if they discover non-compliance with the law, take advice and make sure the best Insurance is in place.

Former directors of Rolls Royce including Sir John Rose will be carefully reviewing their insurance as will their lawyers and insurers.