Landscape Ontario Horticultural Trades Association 7856 Fifth Line S., RR4
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Failed cached text of http://www.otpp.com/web/website.nsf/web/Guidelines_DirectorLiabilityandIdemnification as retrieved on 5/9/2008 4:00:46 PM OTPP - 1.11 Director Liability and Idemnification var datapath = "../jspages/Webdata.js" var title = "guidelines_directorliabilityandidemnification"; var titlebar = "1.11 Director Liability and Idemnification"; var breadcrumb = "1.11 Director Liability and Idemnification"; var silo = "Governance"; var toggle = "guidelines_directorliabilityandidemnification"; if (document.images) { membersigninon = new Image membersigninoff = new Image printon = new Image printoff = new Image membersigninon.src = "b_membersignin_over/$FILE/b_membersignin_over.gif" membersigninoff.src = "b_membersignin/$FILE/b_membersignin.gif" printon.src = "b_print_over/$FILE/b_print_over.gif" printoff.src = "b_print/$FILE/b_print.gif" } else { membersigninon = "" membersigninoff = "" document.membersignin = "" printon = "" printoff = "" document.print = "" } function newWindow(webpage) { var bookWindow = window.open(webpage, "newWin", "menubar,status,scrollbars,resizable,toolbar,location,height=400,width=500,top=26,left=280") bookWindow.focus() } function newGlossary(glossarypage) { var bookGlossary = window.open(glossarypage, "glosWin", "scrollbars,resizable,height=200,width=300,top=26,left=480") bookGlossary.focus() } function openBroadcastEmail() { top.name="mainWindow"; var popup=window.open('../Contact?OpenForm','popup','height=520,width=440,top=0,left=0'); if (navigator.appVersion.substring(0,1) != '2'){ popup.focus()} } function msiWindow(webpage) { var bookMSI = window.open(webpage, "msiWin", "menubar,status,scrollbars,resizable,toolbar,location,height=600,width=754,top=0,left=0") bookMSI.focus() } function arWindow(webpage) { var bookar = window.open(webpage, "arWin", "menubar,status,scrollbars,resizable,toolbar,location,height=540,width=800,top=0,left=0") bookar.focus() } function ccggWindow(webpage) { var bookCCGG = window.open(webpage, "ccggWin", "menubar,status,scrollbars,resizable,toolbar,location,height=610,width=800,top=0,left=0") bookCCGG.focus() } dqm__codebase = "DHTML/$FILE/" //script folder location document.writeln(' ') Home | Careers | Contact Us | Site Map | document.writeln(' Français ') Home > Governance > document.writeln(' '+breadcrumb+' ') document.writeln(' ') if (title.toLowerCase() == "cghome") { document.writeln(' Overview ') } else if (title.toLowerCase() !== "cghome") { document.writeln(' Overview ') } if (title.toLowerCase() == "../../proxyvot.nsf/proxyvotes?openform") { document.writeln(' Proxy Votes ') } else if (title.toLowerCase() !== "../../proxyvot.nsf/proxyvotes?openform") { document.writeln(' Proxy Votes ') } if (title.toLowerCase() == "cgguidelines") { document.writeln(' Guidelines ') } else if (title.toLowerCase() !== "cgguidelines") { document.writeln(' Guidelines ') } if (title.toLowerCase() == "cgspeeches") { document.writeln(' Speeches ') } else if (title.toLowerCase() !== "cgspeeches") { document.writeln(' Speeches ') } if (title.toLowerCase() == "cgsubmissions") { document.writeln(' Submissions ') } else if (title.toLowerCase() !== "cgsubmissions") { document.writeln(' Submissions ') } if (title.toLowerCase() == "cgresearch") { document.writeln(' Research ') } else if (title.toLowerCase() !== "cgresearch") { document.writeln(' Research ') } if (title.toLowerCase() == "cglinks") { document.writeln(' Links ') } else if (title.toLowerCase() !== "cglinks") { document.writeln(' Links ') } document.writeln(' ') 1.11 Director Liability and Indemnification document.writeln(' ') Guideline We will generally support proposals that limit directors’ liability and provide indemnification, subject to the qualifications outlined below. Discussion We recognize that corporate directors might be more sensitive to shareholders’ concerns if they were to be subject to personal liability in the event of a successful suit by a shareholder. However, we also believe that many individuals would be reluctant to serve as corporate directors if they were to be personally liable for all lawsuits and legal costs. Limitations on directors’ liability can benefit the corporation and its shareholders by facilitating the attraction and retention of qualified directors and officers while affording recourse to shareholders on areas of misconduct by directors. Consequently, in order to encourage the nomination of able directors, we believe that an appropriate indemnification policy is warranted. However, these policies should be generally limited to the director acting honestly and in good faith with a view to the best interests of the corporation and, in criminal matters, limited to the director having reasonable grounds for believing the conduct was lawful. previous table of contents next September 2006 back to top About Us | Investments | Governance | Newsroom | Publications | Pension Info | Member Sign-in Home | Careers | Contact Us | Site Map | document.writeln(' Français ') | Glossary | Legal Notice | Privacy | RSS