Addressing Directors’ and Officers’ Liability Risks Through D&O Insurance
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2024.
119 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The Company has entered into a directors’ and officers’ liability insurance policy, as prescribed in Article 430-3, Paragraph 1 of the amended Companies Act, which took effect on 1 March 2021, with an insurance company. All directors, audit & supervisory board members and executive officers of the Company and its subsidiaries are insured persons under the policy.」
Disclosure of the D&O insurance policy covering directors, audit & supervisory board members and executive officers, including its coverage and exclusions, is continuing. - FY2021First statedAnnual report
「The Company has entered into a directors’ and officers’ liability insurance policy, as prescribed in Article 430-3, Paragraph 1 of the amended Companies Act, which took effect on 1 March 2021, with an insurance company. All directors, audit & supervisory board members and executive officers of the Company and its subsidiaries are insured persons under the policy.」
In response to the enforcement of the amended Companies Act, the details of the D&O insurance policy covering directors, audit & supervisory board members and executive officers were disclosed for the first time. Losses arising from criminal acts and other causes are excluded from coverage.