Directors’ liability insurance
Since 2013, Moscow Exchange’s directors and officers (including independent directors), as members of the Company’s management bodies, have been insured for liability.
The aim of this insurance is to provide compensation for potential damages caused by unintended negligent actions or failures to act on the part of the insured individuals in the exercise of their administrative activities.
Under the insurance contract concluded in 2016, the insurance premium is USD 115,000, and the insured amount is USD 50 mln (the total additional insured amount is USD 5 million for independent directors). The insurer is Ingosstrakh.
The terms of the insurance contract, including the insurance coverage, are consistent with best global practices.