TITLE
"A Risk Management Perspective on Management Protective Arrangements," Journal of Insurance Issues, Nicholson, Jack E., January 1986, Vol. IX, No. 1: 54-72.

ABSTRACT
Top managers of corporations face a great deal of risk associated with their corporate employment. Their personal assets can be attacked by liability suits and their jobs (or future incomes) can be threatened by hostile corporate takeovers. Top managers has at its command a variety of techniques which are useful in maintaining control to the firm. Some of the techniques help provide job security; others are directed at offering protection from liability suits, etc. The purpose of this article will be to describe several of these "Management protective arrangements" (MPS's) and analyze them from a risk management perspective. This article will also consider the scientific evidence which has been found to indicate whether these techniques are beneficial or detrimental to shareholders' wealth.