• Directors and Officers,  Indemnification

    Les (Not Paul) and Indemnification of Directors and Officers

    Indemnification of directors and officers often rears its head in white-collar matters and internal investigations.  Here is an interesting take by James Stewart on the Les Mooves situation (click on image for article): Mr. Moonves, of course, was until recently the long-time, influential chief executive of CBS.  He was fired after an internal investigation into complaints of sexual harassment (click on image for article): In part, Mr. Stewart notes that: Mr. Moonves has the right to challenge the board’s decision in a confidential arbitration proceeding, and he could also sue for breach of contract. In the interview, Mr. Moonves said he hadn’t yet decided whether to pursue arbitration. But why wouldn’t…