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Product liability remains a key concern for companies and their directors and officers (D&Os). Faulty or dangerous products that harm consumers can lead to costly lawsuits and reputational damage for organisations. On a personal level, D&Os can also be held to account and found liable in certain instances.

Worryingly for companies, product liability concerns continue to evolve. In September 2022, for example, the European Commission presented its proposal for revising the EU’s Product Liability Directive. The revision aims to modernise the text with a view to addressing challenges posed by new trends impacting consumers and products, such as the digital revolution.

As other jurisdictions implement revisions to their product liability regimes, it is important that companies take steps to protect themselves and their D&Os, through enhanced manufacturing controls, risk management processes, insurance policies and other measures.

Against this backdrop, Financier Worldwide turns to some of the leading lights in their field, who share their stories…

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