In the Context of Corporate Powers and Management, What Is

question 23

Multiple Choice

In the context of corporate powers and management, what is indemnification?

• A) It is a situation where one person sits on the board of directors of two different companies.
• B) It is a situation where directors of two different companies serve jointly on the board of a third company.
• C) It is a lawsuit brought on behalf of the corporation by a shareholder when the directors refuse to act.
• D) It is a method whereby a shareholder elects a representative, commonly another individual or a written document, through which the shareholder casts his vote at the annual meeting.
• E) It is a method of protecting directors and officers whereby the corporation agrees to pay legal expenses incurred by the directors or officers.

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