Explanatory Notes

Companies Act 2006

2006 CHAPTER 46

8 November 2006

Commentary

Chapter 7: Directors’ Liabilities

Section 233: Provision of insurance

428.This section permits a company to purchase and maintain insurance for its directors, or the directors of an associated company, against any liability attaching to them in connection with any negligence, default, breach of duty or breach of trust by them in relation to the company of which they are a director.