Directors are the individuals who make up the board of directors. Due to the responsibility these individuals have, it’s common for the business to obtain insurance to cover the directors (aka D&O insurance) for the decisions they make, even though the fact of the corporation is supposed to shield – sometimes things don’t go the way you expect . . . pesky lawyers!!
What are directors?
About the Author: David Herzog
Since 1993, I have represented hundreds of businesses and individuals in a variety of industries. Small business legal advising . . . that's my thing.