Addressing Officer Liability Through Directors and Officers Liability Insurance Contracts
First written in FY2021. 3 of 4 entries say "Restated". Latest entry: FY2025.
118 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual 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 which losses incurred by an insured person as a result of a damages claim made against the insured person arising from the performance of their duties are indemnified.」
The Company continues to address officer liability through its directors and officers liability insurance contract. - 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 which losses incurred by an insured person as a result of a damages claim made against the insured person arising from the performance of their duties are indemnified.」
The Company continues to address officer liability through its directors and officers liability insurance contract. - 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 which losses incurred by an insured person as a result of a damages claim made against the insured person arising from the performance of their duties are indemnified.」
The Company continues to address officer liability through its directors and officers liability insurance contract. - 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 which losses incurred by an insured person as a result of a damages claim made against the insured person arising from the performance of their duties are indemnified.」
The Company states for the first time that it has entered into a directors and officers liability insurance contract covering directors, Audit & Supervisory Board members and executive officers, and has a mechanism for indemnifying certain losses.