Directors of public and private companies face the specter of unlimited personal liability. This podcast scopes and calibrates the risk faced by directors, and includes a discussion of when public company directors have paid out of pocked in the past. The podcast also briefly discusses three key strategies for addressing director risk: corporate governance, indemnification, and D&O insurance. To listen to this podcast click here. Podcast Recorded June 2007 for the National Association of Corporate Directors (NACD), Silicon Valley Chapter.