What is D&O insurance? Should you have it?

What is D&O Insurance Directors and officers insurance (D&O insurance) can be an extremely valuable type of policy for businesses. As we’ve discussed on our blog, in some cases, directors and officers (and also corporate agents) may be entitled to indemnification when they pursue certain actions in the interests of their company. D&O insurance can potentially offset the costs associated with the Read More

More on CA Indemnification – Sections 204 & 25505

In the previous post, we discussed some of the basics of California Corporations Code Section 317. As we saw, Section 317 is essentially concerned with indemnification of corporate directors and officers for actions that arise when directors and officers act in the best interests of the company. In some cases, corporations may indemnify directors and officers; and in other cases, corporations must indemnify directors Read More

CA Indemnification Essentials – Section 317

In the corporate world, one recurring issue is the payment of expenses, judgments, fines, and other costs resulting from corporate agents acting in the best interests of a corporation. Under the California Corporations Code, corporations may indemnify – and, in some cases, must indemnify – agents if they become parties to an action which arises from their conduct as agents of the corporation. This is true for both Read More