9 December 2020
Online discussion “Zero margin for error: personal risks for Directors and Top managers”

Amid the pandemic, when it is especially critical to make important decisions promptly whilst taking into account new circumstances and rapidly changing laws, considering the liability of top managers and board members is as relevant as ever. How should one make truly efficient decisions in this turbulent period to minimize the risk of future lawsuits?

The Association of Professional Directors AID together with Ingosstrakh Insurance Company and Egorov Puginsky Afanasiev & Partners Invite You to Join The Online Discussion “Zero Margin for Error: Personal Risks for Directors and Top Managers”. 

The discussion will be held on Zoom on December 9, 2020, from 10:00 to 12:00.

Topics for discussion*:

  • Top View: the expansion of instruments used to hold top managers liable
  • Typical corporate governance misconceptions: why one shouldn’t overlook the liability risks after they have retired from a managerial position?
  • Case study: a review of landmark proceedings seeking to hold corporate governance bodies liable in 2020. Recovery of losses. Subsidiary liability and bankruptcy.
  • COVID-19 as a stress test for companies: the effect of the pandemic for the procedure for and the substance of, decisions made by the controlling persons
  • What criminal risks might businessmen face and how can these risks be avoided?
  • Forewarned is forearmed: insurance of governance bodies’ liability
  • Trends in civil liability institutions of controlling persons in 2021: what one should be prepared for?
  • Practical guidelines for managers to reduce liability

Welcoming speech*:

  • Alexander IKONNIKOV, Chairman of the Supervisory Board at IDA.


  • Valery EREMENKO, Partner and head of the Litigation Practice at Egorov Puginsky Afanasiev & Partners.


  • Daniel WOLFE, Independent Director at Uralkali PJSC and Segezha Group;
  • Tamara MEREBASHVILI, Corporate Secretary at Inter RAO PJSC;
  • Vasily SIDOROV, Independent Director at Russian Post PJSC;
  • Anton KAZIEV, Head of Financial Institutions Insurance Department at Ingosstrakh;
  • Vitaly PODOLSKY, Independent Director at LSR Group PJSC;
  • Vladimir KREMER, Head of Risk Management and Insurance, IDA;
  • Vera RIKHTERMAN, Litigation Partner at Egorov Puginsky Afanasiev & Partners;
  • Victoria BURKOVSKAYA, Partner and head of the White Collar Crime Practice at Egorov Puginsky Afanasiev & Partners.

In order to make our discussion more relevant, we would invite you to send your questions to in advance, no later than December 8, 2020

Contacts: Natalia Nikulina, Elmira Smirnova +7 (495) 935 80 10,

Attendance** is free of charge but requires pre-registration at

* The program is subject to amendments.
** The event is off limits to law and consulting firms, private lawyers and attorneys. The organizers reserve the right to deny attendance