Business Pitch Dictionary by pitch.dog
Boards, directors & committees · Working

Director indemnification

Also called: director indemnity

ELI5

A company's contractual or statutory protection of a director against specified liabilities and expenses.

Used in conversation

“Do not describe director indemnification as agreed until the operative document says so.”

Pitch context

You will see “Director indemnification” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches boards, directors & committees.

Why it matters: In boards, directors & committees, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 3

Direct term-level sources and supporting source families.