Managing Liability Risk Through Directors and Officers Liability Insurance
First written in FY2023. 2 of 4 entries say "Advanced", first in FY2024. Latest entry: FY2026.
6 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「We have entered into a directors and officers liability insurance policy with an insurance company as prescribed in Article 430-3, Paragraph 1 of the Companies Act. The insured persons under the policy are our directors, directors who serve as Audit and Supervisory Committee members, and managerial employees, and the insured persons do not bear the insurance premiums.」
The disclosure has been made more specific, moving from coverage under a policy contracted by the parent company to a policy contracted directly by our company, with directors, Audit and Supervisory Committee members and managerial employees as insured persons. - 2026-05-01RestatedGeneral Meetings of Shareholders
「The Company has entered into a directors and officers liability insurance contract with an insurance company as stipulated in Article 430-3, Paragraph 1 of the Companies Act.」
The company continued to disclose its directors and officers liability insurance contract and exclusions for acts undertaken with knowledge of violations of laws and regulations. - FY2024AdvancedAnnual report
「The insurance premiums for this policy are appropriately allocated within the DD Group, including our company, and borne by each company.」
The company specified the policy terms and cost allocation for the directors and officers liability insurance taken out by the parent company, including the exclusion of acts known to violate laws and regulations and the allocation of insurance premiums within the group. - FY2023First statedAnnual report
「DD Holdings, Inc., our parent company, has entered into a directors and officers liability insurance policy with an insurance company as prescribed in Article 430-3, Paragraph 1 of the Companies Act. The policy covers damages and litigation expenses incurred when an insured person, including our company and its directors, is subject to a claim for damages arising from an act carried out in that person's capacity.」
The company disclosed for the first time a framework under which it and its directors are covered by the directors and officers liability insurance taken out by the parent company, including coverage for damages and litigation expenses.