Directors and Officers Liability Insurance for GOCCs

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GCG MEMORANDUM CIRCULAR NO. 2012-10 [1]: Directors and Officers Liability Insurance for GOCCs

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Title Supreme Court: Directors and Officers Liability Insurance for GOCCs

Law: Gcg Memorandum Circular No. 2012-10 (re-issued)[1]

Decision Date: Dec 5, 2012

The GCG Memorandum Circular No. 2012-10 mandates Government-Owned and Controlled Corporations (GOCCs) to provide Directors and Officers Liability Insurance (DOLI) to protect their boards and officers from litigation costs and liabilities incurred while fulfilling their fiduciary duties, ensuring accountability and good governance.

directors liability

officers liability

governance act

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