Directors’ indemnities: the new regime

The reform of section 310 of the Companies Act will relax the restrictions on companies’ powers to protect their directors from liability – but there is some tightening of the regime, too. Simon Howley and Simon Jeffreys from CMS Cameron McKenna report.

The new regime

The Higgs review of the role and effectiveness of non–executive directors highlighted a shortage of suitable candidates for directorships, and the DTI concluded after its own consultation that two factors in particular w... (2208 more words)

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