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In what ways can officers and directors protect themselves from liability for actions taken as an officer or director?
a. By having the corporation purchase liability insurance to cover such losses
b. By having the corporation indemnify the officers and directors
c. By having the corporation purchase liability insurance or indemnify the officers and directors, or do both
d. The directors and officers can purchase their own insurance, but it is not a proper expenditure of corporate funds to pay for reimbursement of officers and directors for failing to do what they were hired to do.

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