Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,474,525 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Directors' and Officers' Liability Insurance
(redirected from Directors' Indemnities)

    0.01 sec.
Directors' and Officers' Liability Insurance
Insurance a publicly-traded company purchases to reimburse senior management, or the company itself, for damages and legal expenses incurred as the result of a lawsuit for negligence. For example, if the board of directors' actions led to a massive loss for the company resulting in a lawsuit, directors' and officers' liability insurance will cover the cost of the lawsuit for the company as a whole and the individual directors. It is important to note that directors' and officers' liability insurance does not cover intentionally wrong actions, only negligence. It is often called D&O insurance for short.

directors' and officers' liability insurance
A type of insurance taken to protect a firm's directors and officers against lawsuitsmainly suits instituted by unhappy shareholders of the firm. Directors' and officers' liability insurance has become more expensive and more difficult to obtain in recent years as the number of lawsuits has increased dramatically. Companies find it very difficult to recruit outside directors unless the candidates are supplied with liability insurance. Also called D&O Coverage.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
RESTRICTED CASH Restricted cash is comprised as follows: Cash security under senior secured notes payable (note 9) $ 13,243 Cash security for directors' indemnities (note 12) 500 ----------- $ 13,743 ----------- ----------- On February 7, 2005, an additional $1,500,000 of cash was placed in trust, which is intended to be used as additional security for directors' indemnities.
 
 
Directors General for Vocational Training
Directors General Policy Committee
Directors Guild of America
Directors Guild of Canada
Directors Guild of Canada British Columbia District Council
Directors Guild of Great Britain
Directors of Church Volunteer Ministries
Directors of Continuing Professional Development
Directors of Health Promotion and Education
Directors of Nursing Association
Directors of Public Prosecutions
Directors of Real Property Tax Services
Directors of Religious Education
Directors of Special Education
Directors of University Language Centres
Directors of Volunteer Administration
Directors of Volunteer Services
Directors of Volunteers Association
Directors of Volunteers in Agencies
Directors of Volunteers throughout Dakota County
directors' and officers' liability insurance
directors' and officers' liability insurance
Directors' Duties
Directors' Early Warning
Directors' Guild of the Philippines, Inc.
Directors' Indemnities
Directors' Remuneration Report Regulations
Directors' Stock Option Plan
Directors, Officers, Stockholders, and Related Interests
directorship
directorship
directorship
directorship
directorship
Directorships
Directorships
Directorships
Directorships
Directorships
directory
directory
directory
directory
directory
Directory & Access Management
Directory (file systems)
Directory (file systems)
Directory Access
Directory Access Control Domain
Directory Access Function
Directory Access Markup Language
Directory Access Processor
Directory Access Protocol
Directory Access Protocol
Directory Address Buffer
Directory Address Field
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.