Carciumaru, Lucian Mihai2010-09-222010-09-222010-09-22http://hdl.handle.net/10539/8757Abstract This dissertation assesses the potential impacts of corporate governance codes and legislation on Directors and Officers (D&O) Liability Insurance. Corporate failures lead to numerous losses for stakeholders especially shareholders. Worldwide including in South Africa, this has resulted in an increase in legal liability claims against directors and thus insurers. Often these failures are ascribed to corporate governance breaches giving rise initially to corporate governance codes and more recently many countries are legislating certain aspects of corporate governance; this includes a codification of director‟s duties. South Africa, in-line with the United Kingdom, Australia and to an extent the United States has followed suit with the Companies Bill of 2008. This dissertation seeks to assess the possible effects of the codes of practice and new Companies Act on Directors‟ and Officers‟ Liability insurance. This will be done by ascertaining what impact the new Act will have on directors‟ liability using inter alia the Delphi Technique.enCorporate governenceCompanies billDirectors and officers liability insuranceThesis