Woodruff-Sawyer Quarterly
TOP STORIES
Corporate & Executive Protection
- Protecting Directors and Officers of Foreign Subsidiaries
- M&A Insurance Landmines - Don't be a Victim
- Sale of a Company: Directors Duties and Personal Protection

Employee Benefits
- FMLA Coverage for Military Family Members
- Pitfalls Abound for Employers Lacking Electronic Information Retention Policies
- Implementation Challenges of Formal Phased Retirement Programs

Construction & Real Estate
- The Race to Go "Green"

International
- Identify and Manage Your Political Risk

Risk Management
- Trade Credit Insurance - Balance Sheet Protection in 2008
- SB 1613: Use of Cell Phones While Driving

Claims Management
- Supplementing Workers' Compensation Disability - Should You Do It?

June 2008
We are in cautious economic times right now, so more than ever, it's important for businesses to evaluate their exposures and liabilities to protect their bottom line.
 
In the latest issue of our newsletter, we provide insight on issues that reflect our current global climate and examine factors that effect legal compliance and can ultimately impact your balance sheet. Please read on, and feel free to contact us with any comments or suggestions. 
 
- Charlie Rosson, CEO
Corporate & Executive Protection

Protecting Directors and Officers of Foreign Subsidiaries
by Priya Cherian Huskins, Esq. 
The severity and frequency of lawsuits against directors and officers of foreign subsidiaries has been increasing in a number of jurisdictions around the world. 
Click here to view the full article

M&A Insurance Landmines - Don't be a Victim 
by Bryan Perrault
Without careful review during an M&A transaction, buried in the insurance contract can be troublesome landmines that render a policy useless when you need it most.
Click here to view the full article
 
Sale of a Company: Directors Duties and Personal Protection*
by Priya Cherian Huskins, Esq. 
The potential sale of a company is an inflection point for litigation. This article details what a board can do to protect itself from liability and thereby focus entirely on promoting the interests of its shareholders.
Click here to view the full article 
 
* This article can also be found posted on the Startup Company Lawyer blog posted by its host Yokum Taku of Wilson Sonsini Goodrich & Rosati.
 
 
Features & Updates

EPL Newsletter, May 2008

 
Employee Benefits
FMLA Coverage for Military Family Members 
by BNA
While employers and worker advocates debate the Labor Departments proposed changes to the Family and Medical Leave Act (FMLA), HR professionals are beginning to deal with a new law that expands the act's leave provisions to cover employees with family serving in the military. 
 
Pitfalls Abound for Employers Lacking Electronic Information Retention Policies
by BNA
For companies that have not implemented a comprehensive electronic document retention policy, the consequences can be both costly and damaging. 
Click here to view the full article
 
Formal Phased Retirement Programs Present Implementation Challenges
by BNA 
While many employers are starting to examine the implications of an aging workforce, and some progressive companies have built phased retirement initiatives into their strategic plans, phased retirement implementation continues to be hampered by numerous challenges.
Legislative Update

Legislative Update: Genetic Information Nondiscrimination Act of 2008

Construction & Real Estate
The Race to Go "Green"
by Rich Torres 
The race to go green is on and the resounding message from the real estate, finance and legislative community is to get on board or get left behind.
Events and Seminars
International
Identify and Manage Your Political Risk
by Judi Haines 
In a world racing towards globalization, and with the events of 9/11 and US dominance in the world under attack, political risk has become a topic of increased interest. 
Click here to view the full article
Conventions & Conferences
Check out the 2008 BIO International Convention!
Risk Management
Trade Credit Insurance - Balance Sheet Protection in 2008
by Joe Feigenbaum
For the last several years, US companies have been able to borrow from banks and other financial institutions, at fairly attractive rates, to avoid bankruptcy. Unfortunately, due to a looming recession, predictions of financial instability due to the current credit crisis and rising costs across most industry sectors, lending attitudes are changing rapidly.
New Legislation: SB 1613 - Use of Cell Phones While Driving
by Cam Dickinson
On July 1, 2008, SB 1613 will become effective. The new regulation will make it illegal to use a wireless telephone while driving unless the telephone is designed and configured to allow hands-free capabilities. 
Helpful Links
Business Insurance - Recent Risk Management News and Articles

Claims Management
Supplementing Workers' Compensation Disability - Should You Do It? 
by Darren Cartwright 
Recently the question of whether employers should supplement the income of an employee who is off of work due to a work-related injury has been raised by a variety of employers. Is it a good idea, and if so, how should an employer go about handling the situation?
Helpful Resources
Department of Industrial Relations Website
Woodruff-Sawyer & Co. is one of the largest independent insurance brokerage firms in the nation, and is an active partner of International Benefits Network and Assurex Global. For 90 years, Woodruff-Sawyer has been partnering with clients to implement and manage cost-effective and innovative insurance, employee benefits and risk management solutions, both nationally and abroad. Headquartered in San Francisco, Woodruff-Sawyer has offices throughout California and in Portland, Oregon.
For more information, call 415.391.2141 or visit www.wsandco.com.