A director who becomes involved in litigation because of his or her position has no right to be indemnified for the costs.

Name: A director who becomes involved in litigation because of his or her position has no right to be indemnified for the costs.
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

Directors may have the right to be indemnified for the costs associated with litigation arising from their position, depending on the company's bylaws, indemnification agreements, and applicable laws.

A Director Who Becomes Involved in Litigation Because of His