What is a D&O policy, and who would buy such protection?

Thanks, Michael.

Thanks for having me on today to contribute to this discussion.

Uh, in terms of what is a D&O policy, it's a type of management liability insurance that in effect, you're protecting the personal assets of an organization's directors, officers, and senior executives, as well as the organization itself.

In the context of what we're here to, what, what we are here to discuss today, it's when the operational incident, the cyber attack, turns into a governance, governance event through inadequate disclosure, regulatory scrutiny, impact to shareholders and litigation.

So many people listening to this call are likely to be familiar with the sorts of claims that it's likely to cover.

We're talking about breach of fiduciary duties, mismanagement or negligence in decision-making, and misrepresentations.

Would you agree with that, Carly?