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