Addressing director and officer liability through directors and officers liability insurance
First written in FY2022. 2 of 4 entries say "Restated". Latest entry: FY2026.
118 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The insured persons under this insurance policy are the company’s directors and executive officers and the directors of its subsidiaries. The company bears the full insurance premiums for all insured persons.」
The company continues to maintain directors and officers liability insurance covering its directors and executive officers and the directors of its subsidiaries, with the company bearing the full insurance premiums. - FY2025RaisedAnnual report
「The insured persons under this insurance policy are the company’s directors and executive officers and the directors of its subsidiaries. The company bears the full insurance premiums for all insured persons.」
The scope of insured persons under the directors and officers liability insurance policy is expressly stated to include the company’s directors and executive officers as well as the directors of its subsidiaries. - FY2023RestatedAnnual report
「We have entered into a directors and officers liability insurance policy with an insurance company. The policy covers damages, litigation costs and other expenses that may arise when an insured person is held liable in connection with the performance of their duties or receives a claim seeking enforcement of such liability.」
The company continues to maintain a directors and officers liability insurance policy covering directors and executive officers, with wilful misconduct and gross negligence excluded from coverage. - FY2022First statedAnnual report
「We have entered into a directors and officers liability insurance policy with an insurance company. The policy covers damages, litigation costs and other expenses that may arise when an insured person is held liable in connection with the performance of their duties or receives a claim seeking enforcement of such liability.」
The company has entered into a directors and officers liability insurance policy covering directors and executive officers, and has described for the first time as an independent theme the structure under which losses arising from wilful misconduct or gross negligence are excluded from coverage.