Managing Officer Risks Through D&O Liability Insurance
First written in FY2021. 3 of 4 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 contract with an insurance company as provided for in Article 430-3, Paragraph 1 of the Companies Act. Under the contract, the Company will indemnify insured persons for damages, litigation costs and other losses incurred as a result of claims for damages arising from acts, including omissions, committed by insured persons in the course of their duties as company officers.」
The Company continues to disclose its arrangement for covering officers’ damages, litigation costs and other expenses through directors and officers liability insurance. - FY2023RestatedAnnual report
「The Company has entered into a directors and officers liability insurance contract with an insurance company as provided for in Article 430-3, Paragraph 1 of the Companies Act. Under the contract, the Company will indemnify insured persons for damages, litigation costs and other losses incurred as a result of claims for damages arising from acts, including omissions, committed by insured persons in the course of their duties as company officers.」
The Company continues to disclose its arrangement for covering officers’ damages, litigation costs and other expenses through directors and officers liability insurance. - FY2022RestatedAnnual report
「The Company has entered into a directors and officers liability insurance contract with an insurance company as provided for in Article 430-3, Paragraph 1 of the Companies Act. Under the contract, the Company will indemnify insured persons for damages, litigation costs and other losses incurred as a result of claims for damages arising from acts, including omissions, committed by insured persons in the course of their duties as company officers.」
The Company continues to disclose its arrangement for covering officers’ damages, litigation costs and other expenses through directors and officers liability insurance. - FY2021First statedAnnual report
「The Company has entered into a directors and officers liability insurance contract with an insurance company as provided for in Article 430-3, Paragraph 1 of the Companies Act. Under the contract, the Company will indemnify insured persons for damages, litigation costs and other losses incurred as a result of claims for damages arising from acts, including omissions, committed by insured persons in the course of their duties as company officers.」
The Company has entered into an insurance contract covering damages, litigation costs and other expenses arising from officers’ duties, while excluding criminal acts and similar matters from coverage.