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The Charities (Most Honourable and Loyal Society of Ancient Britons (known as St. David’s School)) Order 2001

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Indemnity Insurance

3.  The Charity shall have the power to pay any premium in respect of any indemnity insurance to cover the liability of the Board of Governors (or any of them) which by virtue of any rule of law would otherwise attach to them in respect of any negligence, default, breach of duty or breach of trust of which they may be guilty in relation to the Charity, provided that any such insurance shall not extend:

(a)to any claim arising from any act or omission which the member of the Board of Governors seeking to be indemnified knew to be a breach of trust or a breach of duty or which was committed by him or her in reckless disregard of whether it was a breach of trust or breach of duty or not; or

(b)to the costs of an unsuccessful defence to a criminal prosecution brought against any member of the Board of Governors in his or her capacity as a trustee of the Charity.

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