Well, obviously, you don't know jack about this topic, so why are you posting about it?
Directors and Officers can be held personally liable for failure in their Duty of Care and Duty of Loyalty to shareholders. The corporate By-Laws dictate how those directors are indemnified, if at all, via whatever assets at the company or via D&O Liability.
Therefore, if these assholes initiated themselves to be unjustly enriched, D&O Insurance won't cover it.
Being a corporate mafioso doesn't preclude you from liability in a public company, and I suggest you stop barfing about things you obviously do not know.
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