HR Administration

Grocery Chain to Indemnify Directors, Officers Against All Litigation Losses

By Judy Greenwald

May. 21, 2012

Safeway Inc. will indemnify its directors and officers against all expenses, settlements and other losses incurred in litigation, the supermarket chain said in a U.S. Securities and Exchange Commission filing May 13.

A spokeswoman for the Pleasanton, California-based chain said, “We were sort of outdated in our policies, so we just updated to the normal practice that other companies have.”

The indemnification agreement that Safeway’s directors and officers will sign says in part that Safeway’s board has determined the agreement is needed “in order to attract and retain qualified individuals.”

A recent survey found that more companies are increasing the amount of directors and officers liability coverage they purchase.

Judy Greenwald writes for Business Insurance, a sister publication of Workforce Management.


blog workforce

We build robust scheduling & attendance software for businesses with 500+ frontline workers. With custom BI reporting and demand-driven scheduling, we help our customers reduce labor spend and increase profitability across their business. It's as simple as that.

Book a call
See the software

Related Articles

workforce blog

HR Administration

Policy management: What is it and what does it look like for HR?

Summary Policy management involves the creation and maintenance of administrative procedures and guidel...

hr policy, policy automation, policy management

workforce blog


Minimum Wage by State in 2022 – All You Need to Know

Summary The federal minimum wage rate is $7.25, but the rate is higher in 30 states, along with Washing...

federal law, minimum wage, pay rates, state law, wage law compliance

workforce blog

HR Administration

Rest and lunch break laws in every US state

Summary Federal law does not require meal or rest breaks Some states have laws requiring meal and rest ...