Mitigating Executive Liability Risk through Directors’ and Officers’ Liability Insurance
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2024.
118 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The insurance covers litigation costs and damages that the insured may incur in shareholder derivative actions, third-party actions and actions brought by the Company. The Company bears the full cost of the premiums.」
The Company continues to maintain D&O insurance covering its directors and audit & supervisory board members, while maintaining its policy of excluding claims arising from intentional misconduct or gross negligence from coverage. - FY2023RestatedAnnual report
「The insurance covers litigation costs and damages that the insured may incur in shareholder derivative actions, third-party actions and actions brought by the Company. The Company bears the full cost of the premiums. Claims for damages arising from intentional misconduct or gross negligence are not covered by the insurance policy.」
The Company continues to maintain D&O insurance covering its directors and audit & supervisory board members, with the premiums borne by the Company and claims arising from intentional misconduct or gross negligence excluded from coverage. - FY2022First statedAnnual report
「The Company has entered into a directors and officers liability insurance (D&O insurance) policy covering its directors and audit & supervisory board members from 2 October 2014 onward, as provided for in Article 430-3, Paragraph 1 of the Companies Act and other applicable laws. The Company bears the full cost of the premiums. Claims for damages arising from intentional misconduct or gross negligence are not covered by the insurance policy.」
The Company has entered into a D&O insurance policy covering its directors and audit & supervisory board members. The Company bears the premiums, while claims arising from intentional misconduct or gross negligence are excluded from coverage.