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Indemnities for non-plc directors

23rd November 2017 7 Comments

A FTSE250 Company Secretary writes...

Do any companies grant indemnities to any (or all) non-plc directors?

One of our UK based directors has raised the query in relation to an appointment on an overseas company.

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Comments

  1. FTSE100 said

    24th November 2017 at 11:05 pm

    We are a private group of companies and trusts and we give indemnities from each company to each director, executive or non.

    • FTSE250 said

      24th November 2017 at 9:58 am

      D&O liability insurance to all officers across the group and indemnities to officers of certain overseas subsidiaries and limited to their actions as officers in respect of those subsidiaries only.

      • FTSE100 said

        24th November 2017 at 9:35 am

        We extend indemnities and D&O cover to all UK subsidiary directors

        • FTSE250 said

          23rd November 2017 at 8:26 pm

          We extend indemnity to all Group directors so all subsidiaries.

          • FTSE100 said

            23rd November 2017 at 3:25 pm

            By exception only – but as a rule no

            • FTSE SMALL CAP said

              23rd November 2017 at 2:44 pm

              We extend indemnities to all directors of our trading subsidiaries

              • FTSE SMALL CAP said

                23rd November 2017 at 1:04 pm

                No. The topic has never come up. Possibly there is some justification for it as regards an overseas company

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