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.
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.
Address:
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NN18 8GF
Registered in England and Wales No. 06008649.
FTSE100 said
We are a private group of companies and trusts and we give indemnities from each company to each director, executive or non.
FTSE250 said
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
We extend indemnities and D&O cover to all UK subsidiary directors
FTSE250 said
We extend indemnity to all Group directors so all subsidiaries.
FTSE100 said
By exception only – but as a rule no
FTSE SMALL CAP said
We extend indemnities to all directors of our trading subsidiaries
FTSE SMALL CAP said
No. The topic has never come up. Possibly there is some justification for it as regards an overseas company