“Am I Covered? Understanding the Scope and Availability of Directors’ and Officers’ Indemnification and Advancement Rights” from Faegre Drinker Biddle & Reath provides a succinct, reader-friendly overview of directors’ and officers’ indemnification and advancement rights – mandatory and permissive – under Delaware law; the impact on those rights of insolvency or the inability of the company to fund the obligations; and the mitigation of liability through D&O insurance in the context of corporate insolvency. The publication includes an action item checklist that can be used to structure the company’s assessment as to whether its directors and officers are sufficiently protected in this context.
Access additional resources on our Director Duties & Liabilities/D&O Insurance page.
This post first appeared in the weekly Society Alert!