The Companies Act 2006 – exonerations and indemnities


The Companies Act 2006 aims to codify all existing company law. Although it will not be completely in force until October 2008, some of its provisions have been brought forward and are now coming in from 1 October this year. For occupational pension schemes with a corporate trustee (Trustee Company) at the helm, this will once again bring about important changes to the protection of its directors from liability. Here we look at what is in store and what action may be needed.

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