Introduction of Directors and Officers Liability Insurance
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2022.
119 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「The company has entered into a directors and officers liability insurance policy with an insurance company, naming all directors, audit & supervisory board members and executive officers of the company and its consolidated subsidiaries as insured persons, as provided for in paragraph 1 of Article 430-3 of the amended Companies Act, which came into force on 1 March 2021.」
The company continues to maintain a directors and officers liability insurance policy covering its directors, audit & supervisory board members and executive officers. - FY2021First statedAnnual report
「The company has entered into a directors and officers liability insurance policy with an insurance company, naming all directors, audit & supervisory board members and executive officers of the company and its consolidated subsidiaries as insured persons, as provided for in Article 430-3 of the amended Companies Act, which came into force on 1 March 2021.」
Following the enforcement of the amended Companies Act, the company newly entered into a directors and officers liability insurance policy covering the directors, audit & supervisory board members and executive officers of the company and its consolidated subsidiaries. Losses arising from criminal acts and similar conduct are excluded from coverage, and the company bears the full cost of the premiums.