Directors' salvation hinges on right insurance cover

Article Abstract:

Corporation directors may wish to consider directors and officers (D&O) insurance as a means to protect themselves against risk and litigation. D&O insurance complements professional indemnity (P&I) insurance, which covers a company for the acts of its employees (including directors) in relation to business it conducts with third parties. D&O insurance covers the activities of directors and officers relating to the management of the company. D&O policies are usually divided into two categories: company reimbursement and direct cover.

Insurance, Insurance Carriers and Related Activities, Direct Property and Casualty Insurance Carriers, INSURANCE CARRIERS, Surety insurance, Insurance carriers, not elsewhere classified, Insurance NEC, Other Direct Insurance (except Life, Health, and Medical) Carriers, Directors & Officers Liability Insur, Services, Corporate directors, Insurance industry, Interview, Directors' and officers' liability insurance, GIO Australia, Kyrou, Emilios

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Takeover players get a warning

Article Abstract:

The Australian Federal Court criticized all aspects of Yandal Gold's attempt to take over Great Central Mines (GCM) and on June 16, 1999, ordered Yandal to pay $28.5 million in compensation to the Australian Securities Investment Commission (ASIC), which claimed Yandal breached the Corporations Law. Yandal has 21 days from the order date to pay or GCM shareholders can reverse their decision to sell. It is ASIC's duty to enforce the Corporations Law.

Primary nonferrous metals, not elsewhere classified, Primary Smelting and Refining of Nonferrous Metal (except Copper and Aluminum), Merger Regulation, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Gold, Mergers, acquisitions and divestments, Acquisitions and mergers, Economic policy, Gold industry, Corporation law, Precious metal products, Great Central Mines Ltd., Yandal Gold

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The tooth of the matter

Article Abstract:

The Australian Bureau of Statistics (ABS) reports the average income and fees of Australian dentists. General practitioner (GP) dentists earn an average yearly income of $76,000 from annual fees of $222,700. Oral surgeons collect average fees of $393,500 to earn $183,000. In 1996, GPs earned a salary of $71,400, and oral surgeons earned $163,000.

Administration of General Economic Programs, Offices and clinics of dentists, Offices of Dentists, Dentists, Statistical Programs, Finance, Reports, Health care industry, Column, Compensation and benefits, Statistics (Data), Australia. Bureau of Statistics

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