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When silence becomes liability: what the Brambles verdict means for your D&O program.
For the first time in Australia, a shareholder class action has succeeded at trial. While the Southernwood v Brambles judgment is a legal landmark, its true impact is financial and operational. It represents a "risk transfer moment" that changes how securities exposure sits on the balance sheet and how D&O (Directors & Officers) insurance programs must be stress-tested.
