Just thought would show some not familiar with public companies what is meant with D& O insurance, refer to page 17 of PDY 2013 report :
INSURANCE OF OFFICERS
The Company has in place an insurance policy insuring Directors and Officers of the Company against any liability arising from a claim brought by a third party against the Company or its Directors and officers, and against liabilities for costs and expenses incurred by them in defending any legal proceedings arising out of their conduct while acting in their capacity as a Director or officer of the Company, other than conduct involving a wilful breach of duty in relation to the Company.
PDY Price at posting:
3.3¢ Sentiment: None Disclosure: Not Held
