Addressing Director Liability Through Directors and Officers Liability Insurance
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2024.
118 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 pursuant to Article 430-3, Paragraph 1 of the Companies Act. The insured persons under the policy are the directors and audit & supervisory board members of the company and its subsidiaries.」
The company continues to maintain a directors and officers liability insurance contract covering the directors and audit & supervisory board members of the company and its subsidiaries. - FY2022RestatedAnnual report
「The company has entered into a directors and officers liability insurance contract with an insurance company pursuant to Article 430-3, Paragraph 1 of the Companies Act. The insured persons under the policy are the directors and audit & supervisory board members of the company and its operating companies.」
The company continues to maintain a directors and officers liability insurance contract covering the directors and audit & supervisory board members of the company and its operating companies. - FY2021First statedAnnual report
「The company has entered into a directors and officers liability insurance contract with an insurance company pursuant to Article 430-3, Paragraph 1 of the Companies Act. The insured persons under the policy are the directors and audit & supervisory board members of the company and its operating companies.」
The company has for the first time described an insurance contract covering the company's and its operating companies' directors and audit & supervisory board members, including compensation for damages and litigation costs related to shareholder derivative actions and third-party lawsuits.