Liability of Directors for Breach of Duty and the Scope of Indemnification and Insurance

Company and Securities Law Journal, Vol. 5, No. 3, 1987

28 Pages Posted: 4 Oct 2007 Last revised: 19 Feb 2011

See all articles by Ian Ramsay

Ian Ramsay

Melbourne Law School - University of Melbourne

Abstract

An important issue for company directors is to what extent (1) they may insure themselves (or to what extent their company may insure them) against liability for breach of the various duties they owe to the company; and (2) they may be indemnified by the company for breaches of duty. This article compares and contrasts US and Australian approaches to this issue, examining both the law and policy.

Suggested Citation

Ramsay, Ian, Liability of Directors for Breach of Duty and the Scope of Indemnification and Insurance. Company and Securities Law Journal, Vol. 5, No. 3, 1987, Available at SSRN: https://ssrn.com/abstract=1019203

Ian Ramsay (Contact Author)

Melbourne Law School - University of Melbourne ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia
+61 3 8344 5332 (Phone)

HOME PAGE: http://law.unimelb.edu.au/about/staff/ian-ramsay

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