Directors and officers of major U.S. companies have been hit by the perfect storm. That storm consisted of the shock of Enron, WorldCom and other companies; the response of the Sarbanes-Oxley Act of 2002 and the difficulty insurance companies have in providing fairly priced D&O coverage to their insureds. Sarbanes-Oxley has become the omnipresent force in corporate, accounting and legal cultures and is quickly shaping the way business is done. Even an officer, director or legal officer of a company not presently covered by the act should be aware of the new rules to protect the individual officers, the company and its shareholders…