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Frequently Asked Questions

What are the directors' and officers' corporate liability?

Frequently Asked Questions: InCorp Services
Under normal circumstances, officers, directors, managers, etc. do not have personal liability for lawful acts of the corporation. In addition, in Nevada statutes, the owners are not the "appropriate" party to a lawsuit. The company may also indemnify any officer, director, manager, etc. from personal liability.

What is Directors' & Officers' Liability insurance?

P.I Direct - Insurance Brokers
Directors' & Officers' Liability insurance covers the individual directors' and officers' of a company for a wrongful act(s) committed by them in their respective roles within the organisation. The policy does not normally cover the company (or entity) itself other than to provide lawful reimbursement of legal defence costs incurred by the company in the defence of a claim against a director or officer.

What is Directors & Officers Liability insurance?

FAQ's : Affinity Insurance Brokers, Ireland
Directors & Officers Liability (D&O) Insurance provides coverage resulting from any claim made during the Period of Insurance for any Wrongful Act in the Insured persons capacity as Director, Officer or Employee of the Company. D & O Liability Insurance is designed to help protect both the assets of the company and the personal assets of these individuals.

Why do I need a Directors' & Officers' Liability policy if I have a Professional Indemnity policy?

P.I Direct - Insurance Brokers
A Professional Indemnity insurance policy covers a person and/or their company against claims made against them by a third party for financial compensation arising from a breach of their professional duty. Examples can include an insurance broker overlooking a particular risk exposure to his client's business and not arranging the appropriate insurance protection or an engineer designing a coal washing plant that does not perform to required specifications.

Who is covered under a Directors & Officers' Liability (D&O) policy?

GSA
A Directors & Officers' Liability (D&O) policy will cover any past, present of future director, officer or senior manager of a corporation.

What does a Directors' & Officers' Liability insurance policy cover?

GSA
A Directors & Officers’ Liability (D&O) insurance policy protects the directors, officers and senior managers of a corporation against loss they are legally liable to pay for claims made against them arising from allegations of a wrongful act in the conduct of their duties on behalf of the corporation.

What do the directors and officers do?

FAQ - OwnACondo
Simply stated, the condo association directors make the major decisions about the property, and the condo association officers implement those decisions. For instance, the directors may meet to decide that the hallway cleaning service is no longer satisfactory and that a new provider needs to be found. One of the officers, typically the president, will then be responsible for gathering bids and bringing this information to the board.

What is my corporate liability?

Frequently asked question about Nevada Corporate Tax Solutio...
Answer: Officers and directors of a Nevada corporation can be protected from personal liability for lawful acts of the corporation.

Are directors' and officers' names a matter of public record?

Frequently Asked Questions: InCorp Services
Yes. Names and addresses are filed with the state and are therefore available to anyone. Nevada requires this filing annually. They do not require notification of intervening changes.

Who should I appoint as Directors and Officers of the company?

Hallmark Bank & Trust - Providing International Financial So...
Normally our clients select Nominee Directors and Officers that are provided by Hallmark Bank & Trust Ltd. in order to maximize the tax efficiency of the international corporation. This also simplifies the transaction of business since only one instruction to Hallmark Bank & Trust Ltd. is required who then signs on behalf of the corporation. If individuals are selected as Directors and Officers: they must sign all contracts, etc.

Who are the directors and officers of the company?

Addax Petroleum | FAQ
The Chair of the Board of Addax Petroleum is Mr. Peter Dey. Addax Petroleum has an eight-member Board and the majority of Board is made up of independent members. The Chief Executive Officer of Addax Petroleum is Mr. Jean Claude Gandur. For a complete list of Addax Petroleum’s directors and officers and their biographies please refer to the Board of Directors.

Who are the officers and directors of Elan Vital?

Frequently Asked Questions
The General Manager is Russ Henderling. Its Board of Directors is made up of volunteers from across the United States. All can be reached at Elan Vital, P.O. Box 2220, Agoura Hills, CA 91376

Who are the Oculus Officers & Directors?

Oculus Innovative Sciences, Inc. - Investor FAQs
Oculus's officers and directors can be found on the Corporate Governance page of the investor relations Web site.

Who are Syneron's Officers & Directors?

Syneron.com - - Investors
To view a complete list with biographies, click on the Governance link in the For Investors section of the Company's Web site at www.syneron.com.

How are TSCA Officers and Directors elected?

FAQ's
Officers (President, Vice-President, Secretary, Treasurer) are elected each year at the Annual Meeting held during the State Championship. Directors serve a two year term and any vacancies are also elected at that time.

How many directors and officers does the corporation need to have?

Answers to Frequently Asked Questions
Generally, only one director and or officer has to be appointed with the Articles or Certificates of Incorporation. However, some states vary in these requirements, but usually require no more than three. Requirements for LLC's (Limited Liability Companies) vary by state.

What are the differences between officers, directors and shareholders?

Frequently Asked Questions
A corporation consists of all three: officers, directors and shareholders. Shareholders are the owners of the corporation and elect the directors. Directors guide and are involved in the fundamental decisions of the corporation on behalf of the shareholders. Officers are selected by the directors and run the day-to-day operations of the corporation. These do not need to be separate people. Any person can fill all three positions.

What are Shareholders, Directors, Officers?

FAQ - AMCLegal.net
Shareholders are the owners of the corporation. Shareholders invest money in the company (capital contribution) and they receive shares and elect the directors. The Directors (board of directors) make most major decisions for the operation of the business and they elect the officers of the corporation. The officers typically consist of the President, Secretary and Treasurer. A Vice President is optional. The President manages the business.

Does the Company have a code of business conduct for Directors, Officers and Employees?

SQM - FAQ
employees, officers and directors are prohibited for taking for themselves personally opportunities that are discovered through the use of corporate property, information or position prohibiting conflicts of interest between an individual's private interests and the interests of Company as a whole, and providing the means to communicate potential conflicts to the Company
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