Addressing Directors’ Liability Through D&O Insurance
First written in FY2021. 1 of 2 entries say "Reframed", first in FY2026. Latest entry: FY2026.
Members moved to the "Worse" side of this theme in 2026.
2 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The insured persons covered by the directors’ and officers’ liability insurance policy are the Company’s directors and executive officers, directors and audit & supervisory board members of its subsidiaries, and managerial employees of the Company and its subsidiaries. The Company bears the full amount of the insurance premiums for all insured persons.」
The disclosure expands the scope of D&O insurance coverage from a primarily director-focused description to include executive officers, subsidiary officers, and managerial employees of the Company and its subsidiaries. - FY2021First statedAnnual report
「The Company has entered into a directors’ and officers’ liability insurance (D&O insurance) policy with an insurance company, as provided for in Article 430-3, Paragraph 1 of the Companies Act, to indemnify insured persons, within the policy limit of ¥300 million, against losses that may arise when directors and officers incur liability in the course of performing their duties or receive claims relating to the pursuit of such liability.」
The company disclosed for the first time that it has D&O insurance covering directors and indemnifying losses arising from the performance of their duties up to the policy limit of ¥300 million.