A Wrongful Act
Is any actual or supposed error, omission, misstatement, neglect, breach of duty or negligent act by any of the directors and officers (acting solely in their official capacity as a director).
Directors and officers
Are the persons legally responsible for managing the affairs of the company and through whom the company can legally act. “Officers” in addition to the directors will normally include “managers” who are managing the affairs of the company as a whole.
