Richards Layton & Finger
 

Protecting the Protectors: Indemnification of Trustees of Delaware Statutory Trusts

July 2011

The board members of registered investment companies play a critical role in protecting the interests of shareholders. In order to encourage the diligent discharge of their duties, the board members of registered investment companies in turn need to be protected. Indemnification and advancement, along with insurance, are key components of the protections available to board members with respect to the discharge of their duties.