Third of directors have experienced 'investigation or claim' - research

From Allen & Overy

Tom Ellis
clock • 2 min read

One-third (33%) of company directors worldwide have experienced a claim or investigation, according to Allen & Overy and Willis Towers Watson's annual directors survey.

That figure is part of a rising trend, with more directors reporting being part of an investigation or claim over recent years - up from one-quarter (27%) in 2016 and one-fifth in 2014. The rising trend is reinforced by Financial Conduct Authority (FCA) statistics that show the number of investigations into individuals has more than doubled in 2016, compared with the levels seen in 2013, 2014 and 2015. Over the same period, the regulator's statistics show investigations into firms have remained at largely similar levels. Since the global survey begin in 2011, ‘regulatory and other ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA to cut red tape for investment firms in bid to streamline regulation

FCA to cut red tape for investment firms in bid to streamline regulation

Volume of legal text cut by 70%

Linus Uhlig
clock 24 April 2025 • 2 min read
Zero cases of non-financial misconduct opened by FCA in two years

Zero cases of non-financial misconduct opened by FCA in two years

A Freedom of Information request has found

Cristian Angeloni
clock 22 April 2025 • 3 min read
Emma Reynolds: Targeted support is 'exciting opportunity' but 'we need to get it right'

Emma Reynolds: Targeted support is 'exciting opportunity' but 'we need to get it right'

‘Need strong consumer protection in place’

Jenna Brown
clock 22 April 2025 • 3 min read