We use cookies to improve your website experience. To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy. By continuing to use the website, you consent to our use of cookies. Close

3 PERSONS COVERED BY D&O INSURANCE

Directors' and Officers' Liability Insurance

Page 43 3 PERSONS COVERED BY D&O INSURANCE I. DIRECTORS: WHO ARE THEY? 3.01 Companies, upon registration, are required to appoint a number of persons, 1 designated as directors, whose function is to carry out—whether acting jointly or individually—the obligations imposed on them by the companies legislation. Subsequent appointments are made by the shareholders in general meetings, following whatever procedure may be agreed in the articles of association or in the default provisions of article 73 of Table A 2 which establishes a rotation system. 3 While companies acquire personal and legal capacity 4 through the issuing of the certificate of incorporation by the companies registrar, they obviously need to be represented by human beings, that is, the directors. 5

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, please enter your details below to log in.

Enter your email address to log in as a user on your corporate account.
Remember me on this computer

Not yet an i-law subscriber?

Devices

Request a trial Find out more