Boards, directors & committees · Core
Directors and officers insurance
Also called: D&O insurance
ELI5
Insurance covering specified liabilities of directors and officers, subject to policy terms.
Used in conversation
“The board paper must state who owns and approves directors and officers insurance.”
Pitch context
You will see “Directors and officers insurance” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches boards, directors & committees.
Why it matters: In boards, directors & committees, a loose definition can change rights, obligations, approval, disclosure or enforceability.
Caution
Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.
Sources & evidence · 3
Direct term-level sources and supporting source families.
- OECD — G20/OECD Principles of Corporate Governance 2023Direct source · institutional · checked 2026-08-16
- U.S. Securities and Exchange Commission — EDGAR and filing resourcesSupporting source family · primary · checked 2026-08-16
- National Institute of Standards and Technology — Computer Security Resource Center GlossarySupporting source family · primary · checked 2026-08-16