2021 Fiscal Year Final Research Report
The Extent of Culpability to which A Company May Indemnify Its Directors
Project/Area Number |
19K13568
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Research Category |
Grant-in-Aid for Early-Career Scientists
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Allocation Type | Multi-year Fund |
Review Section |
Basic Section 05060:Civil law-related
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Research Institution | Onomichi City University |
Principal Investigator |
Yoshiko Oh 尾道市立大学, 経済情報学部, 講師 (50755296)
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Project Period (FY) |
2019-04-01 – 2022-03-31
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Keywords | 会社補償 / 取締役 / デラウェア州 / イギリス |
Outline of Final Research Achievements |
Through the comparison between the indemnification under sec. 145 of DGCL and provisions of the CA of 2006, the purpose of promoting a director's own interest or the interest of a third party or inflicting damage on a company (hereinafter referred as "the purpose in sec. 430-2 of the CA") can be interpreted to indicate the same amount of culpability as one which leads the director to the liability to the company promulgated in sec. 423 of the CA. Meanwhile, it may not be necessary to discuss the purpose in sec. 430-2 of the CA so long as a director has prevailed in a suit or procedure brought by the company he/she serves as a director, by a third party, by a regulatory agency, or by a prosecutor. Termination of a suit or procedure by settlement may be seen as prevalence so long as it is not revealed in the settlement that the culpability of the director exceeds the amount of culpability which leads the director to the liability to the company promulgated in sec. 423 of the CA.
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Free Research Field |
会社法
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Academic Significance and Societal Importance of the Research Achievements |
2019年に成立した「会社法の一部を改正する法律」により、会社は、一定の要件を満たす取締役に対してしか補償することができなくなった。このような要件は、補償が認められる取締役の帰責性の上限を示唆しているものとして捉えられるにもかかわらず、その解釈論が未だ十分に進められていないので、アメリカのデラウェア州法やイギリス法をもとに、430条の2にいう会社補償の適切な範囲に関する考え方を提示した本研究は、その議論の活発化に資することができ、学術的意義を有する。同時に、会社補償といわゆるside Bカバーの間に密接な関係があるので、本研究は、保険実務の進化にも資することができ、社会的意義を有する。
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