Intended to aid members of the board of directors of a financial institution to better understand their duties and responsibilities thus the title the director duties and responsibilities was selected to be descriptive of an area that is of the utmost importance to every board member in every financial institution in nebraska. Director and officer liability in financial institutions a deskbook is the most comprehensive work i have ever seen dealing with directors and officers who work in financial institutions it is a resource that should be of great benefit to anyone who works at or advises financial institutions in this complex area. Before addressing the issues relating to the fiduciary responsibility of financial institution directors and officers in recent years it would be instructive to revisit the promulgations of the fdic on this subject in previous eras. Financial institution bond this coverage is to insure banks and other financial institutions against employee dishonesty burglary robbery fraud and other crime exposures directors and officers insurance this coverage is to insure the fiduciary responsibility to the banks customers shareholders and the general public. Clear and comprehensive cover to protect directors officers and their employing financial institution corporate governance reforms carried out across the world in recent years have added significantly to the responsibilities of executive and non executive directors of companies directors officers for financial institutions policy
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