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We're a not for profit/charitable organization (incorporated under The Societies Act of Alberta) with approximately 20 Directors on our Board, and we're looking for information/best practices with respect to whether or not Directors sign an Indemnity Agreement. Our Bylaws provide for Director indemnification, and we do have D&O insurance.
Not sure if it's a best practice but our directors sign indemnification agreements. It's for their benefit so notionally they're the ones who want it.
Thank you Raj,
would you be willing to share your agreement template?
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