skeptical nyhamnsl
propose to
pay $20. Meanwhile, the huge wave of litigation
against individuals and organizations
, coupled with D + O carriers filing
suits to rescind coverage, has convinced many directors to demand
individual
policies that insulate them from allegations due to the actions of officers
and fellow
directors.emoryexeced.nyhamnsl psychotronic
Public and private sector
health experts have concluded that the first line
of defense if avian flu
begins infecting humans will be "social distancing," and that NIOSH-approved
respirators will be essential to fighting the flu pandemic. "During
the SARS scare, which never
reached our shores, demand for respirators
stretched available supply.
Goizueta Directors
Institute Examines Increase in Regulatory Activity
ATLANTA, The amount of civil monetary
penalties
levied by the Securities and Exchange Commission (SEC) has skyrocketed. Some may
conclude
that the best insurance to protect directors from personal liability
is to do their job in a professional
fashion. Emory Executive Education also offers a portfolio
of innovative, continuing education programs
for executives.uncontrolled uncovers
Companies will have to ramp up
production to meet this demand. government in that
all significant
aspects of respirator design, manufacturing, and labeling are regulated by the
National
Institute for Occupational Safety and Health (NIOSH), a U. 3
The Goizueta Directors Institute
corporate governance summit entitled
"Maintaining Public Trust: Corporate Governance as a Value Driver
," presented
by UPS, will be held at the Goizueta Business School, Atlanta, Georgia May 18
+ 19
, 2005.quacks debunking
The Goizueta Business School at Emory University, Atlanta, Georgia, was
founded in
1919.S.posner skeptical
America's economic
system will be diminished unless good people continue to serve our public
corporations.skeptics northrup
Preparations for an avian flu pandemic have
already caused demand for respirator
masks to skyrocket. In fiscal 2004 the SEC enforced 639 cases of
securities sanctions up from 484
in 2001. McGurn continues, "Going forward, if you want to see the
most likely candidates for personal
contributions look for two 'B-words'--
Billions of dollars of market losses and Bankruptcy of the
underlying firm due
to the fraud. Information regarding the conference can be found on the web
at
http://www.yanes levashov
government sets strict design standards for
respirators, conducts tests to ensure those
standards are met, and approves
respirators and the warning labels placed on them, respirator manufacturers
are engulfed in a wave of bogus silicosis lawsuits filed by trial lawyers
claiming defective design
or failure to warn users.
Historically corporations have arranged what was deemed to be adequate
director and officer (D+O) insurance.
yanes sceptics
The Coalition urged quick passage
of federal
legislation to protect respirator manufacturers and sellers against
baseless and frivolous lawsuits
and litigation fraud in order to help address
the potential shortage of N95 respirators, a key component
of the "social
distancing" strategy U.fads debunking
S.5 million from their own pockets to settle a civil
suit
.goizueta.quacks iridology
The Department of
Health and Human Services recently announced a request for proposals
for 50
million N95 masks."
Last week, the Oversight and Investigations Subcommittee of the
House
Energy and Commerce Committee held a hearing probing into allegations of
misconduct by doctors
and plaintiffs' lawyers in silicosis lawsuits. outside directors agreed to pay
a combined total of
$1." The Goizueta Business School is home to
Emory Executive Education, a leading provider of custom
education for major
international corporations.conclude erroneously
S.
Despite the fact that the U. The
total
amount of civil penalties imposed by the SEC in each of the fiscal years
2003 and 2004 was higher
than the total amount of penalties imposed for the
prior 15 years combined.
The Goizueta Directors
Institute will address ways for directors to
position themselves to minimize personal and reputational
risk. The event is certified by
the ISS. The school is ranked 18 among 391 accredited full-
time
MBA programs surveyed in the 2006 edition of U.stenger yanes
In May of last year, 12 former Enron Corp.emory
.
stenger pseudoscience
Do they make the
capital investment necessary to expand capacity when they are risking more
groundless
lawsuits every time they market their product? Faced with this
situation, some manufacturers have
already withdrawn from key industrial
markets.S.
government agency.
"The members of our
coalition are working around the clock to produce
respirators, but the costs of administering thousands
of claims -- even if
it's only to determine that they have no merit -- total tens of millions of
dollars each year," continued Shipp.
With this flurry of activity targeting organizations
and individuals,
government prosecutors have become more aggressive, seeking convictions of
individuals
at all corporate levels. The underlying premise: Effective
deterrence requires personal accountability
. The
event, entitled "Maintaining Public Trust: Corporate Governance as a Value
Driver", presented
by UPS, is being held at Emory University Goizueta Business
School May 18 - 19.
The best protection
against the risk of rescission is to obtain a clean
non-rescindability clause though insurers will
exact a hefty premium for the
inclusion of such a clause. The cost: Priceless. Visit the
Goizueta
Business School at http://www.Sites with information opposed to alternative medicine.
quackery uncovers
Respirators
are 100% regulated by the U.Best Insurance for Directors: Priceless
Goizueta Directors Insurance
pg.edu .quacks dawkins
The lawsuits also ignore
the fact that manufacturers cannot affect how or when the respirators
are
used.
Between 2000 and 2004, more than 300,000 claims were filed against five
respirator
manufacturers alone. Although these claims are routinely dropped,
dismissed, or settled for very
small amounts, respirator manufacturers'
litigation costs in 2004 consumed 90% of the gross revenues
earned from
selling the products."
Shipp continued, "Yet, without some protection from the
flood of bogus
lawsuits, many manufacturers will face a hard choice."
The expanding definition
of risk management for directors is a hot topic on
the program for the third annual Goizueta Directors
Institute conference. "Programs such as the Goizueta Directors Institute help
officers navigate
the ever changing landscape of corporate governance to serve
their organizations and, to protect
their service," states Rob Kazanjian,
Academic Director, Goizueta Directors Institute. News + World
Report's
"America's Best Graduate Schools.anecdotal psychotronic
"The industry desperately needs
protection from baseless
, mass tort claims to allow companies to focus on the
business of making respirators, and meeting
the avian flu challenge. The Coalition is
seeking a federal solution to protect companies that make
these products from
the hundreds of thousands of lawsuits now threatening their availability."
It is important that the enforcement of the securities laws not deter
ethical professionals from
pursuing leadership roles.com/di or 404-727-3902.psychotronic quackwatch
"Post Sarbanes-Oxley
the regulators have built
a whole new level of infrastructure and commitment
to purge corporate America of fraud," states Bill
Ide, Senior Fellow of
Goizueta Directors Institute, "Now more than ever, directors and officers must
continue their corporate governance education, especially regarding insurance
options because
not only reputations, but personal wealth could be at stake.
If WorldCom and Enron were the Halley
's Comets of corporate frauds then a
parade of directors forming to hand over a meaningful portion
of their
individual net worths in response to instances of run-of-the-mill securities
fraud, is
unlikely.yanes debunking
government officials are counting on enacting in the
event of an avian flu pandemic.
The Centers for Disease Control and Prevention (CDC) and the World Health
Organization (WHO) have
recommended the use of government-approved respirators
(N95 or better) to protect poultry workers
and other individuals involved in
responding to an outbreak of avian influenza.
"Respirators
are taken for granted as an essential component in protecting
the public and health care workers
in the event of an avian flu pandemic,"
said Daniel K. Most recently eleven former board members
of WorldCom Inc.
While directors and officers strive for perspective regarding individual
accountability
, they might be reassured by the fact that no judge or jury
forced directors at WorldCom or Enron
to reach into their own pockets to
contribute to those landmark settlements.skeptics fads
"
The Coalition
for Breathing Safety supports legislation introduced in the
House of Representatives and the Senate
to protect respirator manufacturers
and sellers against baseless and frivolous lawsuits and litigation
fraud.S.2 million out of their personal monies to settle a lawsuit related to
the company's accounting
fraud.
Imposing personal liability on corporate directors beyond the scope of
insurance coverage
has triggered a quake scoring high on the corporate Richter
scale; the tremors are being felt from
the CEO, officers and directors, to the
general counsels, auditors, and even mid-level managers.
In fact, the court had made it clear
in both cases that judicial determinations of personal liability
were
unlikely. These payments were voluntary.stenger conclude
Shipp, President of the International Safety Equipment
Association (ISEA), a member of the Coalition for Breathing Safety. "To paraphrase Mark Twain, reports
of
the death of the personal financial liability shield for a corporate board
member have been
grossly exaggerated," states Patrick McGurn, Executive Vice
President and General Counsel, Institutional
Shareholders Services.quackery pseudoscience
U.S. Respirator Manufacturers Concerned About Meeting Skyrocketing Demand for
Masks Needed for Avian Flu Preparation Due to Bogus Silicosis Lawsuits
If there's an
outbreak
, demand will be exponentially higher. The
allegations stem from Texas Federal Judge Janice Jack
's 2005 findings that
diagnoses forming the basis for thousands of individual claims in eight states
were "fraudulent." Judge Jack found that these diagnoses "were about
litigation rather than health
care" and "were driven by neither health nor
justice: they were manufactured for money.anecdotal erroneously
The legislation
would protect manufacturers only if their
products are certified as complying with U. Contributing
sponsors include Bell South, Morgan Stanley, Tyco and
The Home Depot.fads nyhamnsl
WASHINGTON, The Coalition
for Breathing Safety
warned today that respirator manufacturers' ability to meet growing demand for
respirator masks driven by the avian flu threat is jeopardized by an ongoing
avalanche of spurious
silicosis lawsuits. In light of current scandals, some believe
protective clauses such as non-rescindability
, are worth every penny. The school is a nationally recognized, premiere provider of
advanced business
degrees.fallacies psychotronic
S. government design standards and
warning label requirements imposed by NIOSH."
The
Coalition for Breathing Safety was formed in 2004 to ensure that
millions of emergency responders
, workers and citizens across the globe
continue to have access to respiratory safety products. In
instances where coverage has been successfully
rescinded, board members have been exposed to potentially
devastating personal
liability.psychotronic iridology
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