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Efficiency Office - Guide to Corporate Governance for Subvented Organisations
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Introduction

 

The Education Ordinance has provided legal protection for IMCs.  Being a separate legal entity, the IMC shall be responsible for any legal liability relating to management of the school.  For individual managers, they shall not incur any legal liability in respect of anything done in the performance of their function as a manager if they have acted in good faith.  Nonetheless, to provide further protection to IMCs and their managers, we have taken out an insurance policy to indemnify the liability of IMCs and their managers from any claims against their wrongful acts in performing their duties in school management.  The insurance will cover management liability, vicarious educator liability and employment practices liability.