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Indemnity Agreement

  • 19 Oct 2021 9:40 AM
    Message # 11621647
    Anonymous member (Administrator)

    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.

    Last modified: 19 Oct 2021 9:42 AM | Anonymous member (Administrator)
  • 20 Oct 2021 2:44 PM
    Reply # 11676039 on 11621647
    Deleted user

    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. 

  • 21 Oct 2021 10:22 AM
    Reply # 11714252 on 11621647
    Deleted user

    Thank you Raj,

    would you be willing to share your agreement template?
    Best Regards,


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