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Peermont Lodges Casinos and Resorts, 2011. Annual Monetary Statements, South Africa: Peermont International Holdings II (Proprietary) Restricted. An organization is permitted to buy and preserve for a director of the corporate, or an ‘related company’ (see paragraph 52 above), insurance towards any such legal responsibility (Corporations Act 2006, section 233). The existence of such ‘Directors and Officers’ (D&) insurance coverage doesn’t exonerate members from their obligations.