Preparing for damages claims through D&O liability insurance
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2023.
119 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The company has entered into a directors and officers liability insurance policy with an insurance company pursuant to Article 430-3, paragraph 1 of the Companies Act. The policy covers litigation costs and damages, among other items, arising from claims for damages brought against insured persons during the insurance period in connection with the performance of their duties.」
The directors and officers liability insurance policy and exclusions for intentional violations of laws and regulations, among other matters, continue to be disclosed. - FY2022RestatedAnnual report
「The company has entered into a directors and officers liability insurance policy with an insurance company pursuant to Article 430-3, paragraph 1 of the Companies Act. The policy covers litigation costs and damages, among other items, arising from claims for damages brought against insured persons during the insurance period in connection with the performance of their duties.」
The directors and officers liability insurance policy covering directors, corporate auditors and executive officers, among others, and exclusions for intentional violations of laws and regulations, among other matters, continue to be disclosed. - FY2021First statedAnnual report
「The company has entered into a directors and officers liability insurance policy with an insurance company. The policy covers litigation costs and damages, among other items, arising from claims for damages brought against insured persons during the insurance period in connection with the performance of their duties.」
The company disclosed for the first time the details of a directors and officers liability insurance policy covering directors, corporate auditors and executive officers of the company and its subsidiaries. Intentional violations of laws and regulations, among other matters, are excluded from coverage.