A directors indemnification agreement is an essential component of protecting an organisation’s management from liability. It provides individuals with the comfort of knowing that they will be supported in times of difficulty. That way, they can concentrate on performing their duties instead of worrying that their personal assets are at risk.
In this article, we explore the concept of a directors indemnification agreement and understand how it can be used to mitigate the risk faced by an organisation’s management.
Contents
1 What is a directors indemnification agreement?
2 The role of management
3 What is a director?
4 The duties of directors
5 What are the responsibilities of the board?
6 What is an officer?
7 The importance of corporate governance
8 How does board of directors liability arise?
9 The common types liability
10 What are the consequences of a claim?
11 Insurance: The last line of defence
12 Conclusion
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