Corporate Governance · glossary
A company's promise to meet certain claims brought against a director by people other than the company, within limits the Act sets (sections 232 to 234). It sits beside D&O insurance. A promise to exempt a director from the company's own claims is void. Charter §10.4 · Chapter 9
Explained in Chapter 9, Minutes, Records and the Evaluation, of Corporate Governance.
A company may insure a director against that liability. It may also give her a qualifying indemnity, which is a promise to meet certain claims brought by people other than the company, within limits the Act sets.Read Chapter 9, Minutes, Records and the Evaluation →
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