Indemnitor's Remorse: Avoiding Indemnification & Advancement ProblemsPDF
11 Boston Way
Asheville, NC 28803
Companies indemnify and advance expenses to officers, directors and LLC members and managers to protect company representatives and recruit talent. Most of the time, this works well — but what happens when things go wrong? Adam Doerr's presentation highlighted the unintended consequences of indemnification and advancement for transactions, breaches of fiduciary duty, and mismanagement or fraud.