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The Bangladesh Shipping Corporation Order, 1972 (President's Order)

( PRESIDENT'S ORDER NO. 10 OF 1972 )

 
 
 
 
28. (1) Every Director shall be indemnified by the Corporation against all losses and expenses incurred by him in the discharge of his duties except such as are caused by his own wilful act or default.
 
 
 
 
 
 
(2) A Director shall not be held responsible for the acts, omissions or inefficiency of any other Director or of any officer or employees of the Corporation resulting in any loss or expense to the Corporation or in deficiency in the value of title to any property or security required or taken on behalf of the Corporation or for anything done by himself in good faith in the execution of the duties of his office.

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