21 resolutions in 21 days – Episode 17
Why the indemnity provisions need to be simplified
The current indemnity provisions in the AMT Constitution are dense with legal terminology that obscures a simple principle: AMT protects directors and officers when they are acting in good faith for the Association.
Trying to list every possible scenario can accidentally create gaps or become outdated as laws change.
The simplified version provides maximum indemnity “to the full extent permitted by law”, offering broader protection than listing specific scenarios.
This approach also means protection automatically adapts as legal requirements change, rather than being limited to situations we could think of when writing the current clause. Specific insurance arrangements, exclusions, and claims procedures move to the AMT Board Charter where they can be updated more flexibly without constitutional amendments.
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This is Episode 17 in our blockbuster blog bonanza “21 Resolutions in 21 Days”, exploring the cases for constitutional change that will be considered at the upcoming Special General Meeting on October 19. Each change is designed to strengthen AMT’s governance and better serve members.
Tomorrow: Sorting out the procedures from the principles, part n + 1.
