Board Shorts Podcast: The Financial Risks of Being on a Board | Ep. 20
As board members, we open ourselves up to risk – financial and otherwise. But how do you begin to get your head around exactly what this risk is and how deep it can reach into your and your family’s lives? I look to answer that question, sent in by a listener, who was looking to understand the financial risk she (and by default her family) might be taking on if she accepts a board position. She also wanted to know what the risks are of being sued, and if it’s worth taking out insurance to cover the risks of being on a board?
Please note: all information in this – and other episodes of the Board Shorts Podcast – is general in nature. You should seek advice from appropriately qualified specialists to address your specific circumstance.
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If you have a question or a topic that you’d like covered on a future episode, please drop me a note in the comments below.