To which extent can a Greek S.A. company offer a general indemnification in favor of the a member of its board of directors for any third party claims?

To which extent can a Greek S.A. company offer a general indemnification in favor of the a member of its board of directors for any third party claims?

Article 23a of law 2190/1920 prohibits any general indemnification of the company in favor of members of its board of directors, but subject to certain conditions this may be allowed (prior approval of the general meeting , that the indemnification is in favor of the company). If a claim of a third party against a member of the Board of Directors is raised for acts performed in the ordinary performance of his duties, the liability is concurrent and the member of the board that will be forced to compensate a third party may further address the claim towards the company.