Corporations may ________ officers, directors, employees, and agents when they act in good faith, in a manner not opposed to corporate interests and with no reason to believe their conduct was unlawful.

Question

Quizplus · Accepted Answer

The term "indemnify" in this context means to compensate or protect individuals from financial loss or liability. By indemnifying officers, directors, employees, and agents who acted in good faith, corporations provide a form of legal protection and financial security to those individuals. This incentivizes individuals acting on behalf of the corporation to act in ways that align with corporate interests and minimize legal risks.

Corporations May ________ Officers, Directors, Employees, and Agents When They