What happens when a beloved café chain uncovers a multi-million-pound black hole in its accounts?

The shocking collapse of Patisserie Valerie in 2019 exposed one of the biggest financial scandals in recent UK history.

Fake bank accounts, undisclosed overdrafts, and a web of deception that appears to have concealed the truth from investors, auditors, and even its own board.

In our latest D&O Files podcast episode, we dive deep into:

- How the fraud was uncovered;

- The impact on employees, investors, and suppliers;

- Legal fallout, D&O Insurance & lessons for businesses today; and

- The role of auditors—could this have been prevented?

If you’re interested in corporate governance, forensic accounting, or just enjoy unpacking a financial mystery, this episode is a must-listen!

As part of our ongoing mission to share insights into the second episode in our new series of The D&O Files.

In this episode we discuss the curious case of Nissan and its former Chairman, Carlos Ghosn. Key areas of the discussion includes the following:

- The background to the story of how one of the most successful and powerful CEOs of the motor industry ended up being arrested and then escaping out of Japan in a musical equipment box.

- How geopolitical events and exposures for directors are intertwined.

- What should a director expect from their D&O insurance in such an event when they have a conflict with the entity?

- What steps can directors take in advance to mitigate the impact of such an event where conflicts can arise?

- What are the corporate governance lessons that arise for corporations and individuals from this saga?

As part of our ongoing mission to share insights into the world of Directors & Officers Insurance, we bring to you the first episode in our new series of The D&O Files.

In this episode we discuss the collapse of FTX Trading, and the ensuing scandal that unfolded. Key areas of the discussion includes the following:

• How did events unfold and what were the implications for directors?

• What types of claims did the directors face, and how might D&O Insurance have responded?
• What are the corporate governance lessons to be learned from this collapse?
• Does Tom Brady buy D&O Insurance?!