Introduction of Directors and Officers Liability Insurance
First written in FY2021. 1 of 3 entries say "Restated". Latest entry: FY2024.
- FY2024SoftenedAnnual report
「The Company has entered into a directors and officers liability insurance contract with an insurance company, covering the directors of the Company and all its subsidiaries as insured persons, as prescribed in Article 430-3, paragraph 1 of the Companies Act.」
The directors and officers liability insurance contract remains in effect, but the current disclosure identifies the insured persons as directors and makes no reference to the Audit & Supervisory Board members covered previously. - FY2022RestatedAnnual report
「The insurance contract generally provides that the insurer will indemnify losses that insured persons may incur as a result of being held liable in connection with the performance of their duties or receiving claims seeking to hold them liable.」
The directors and officers liability insurance contract covering the directors and Audit & Supervisory Board members of the Company and all its subsidiaries remains in effect. - FY2021First statedAnnual report
「The Company has entered into a directors and officers liability insurance contract with an insurance company, covering the directors and Audit & Supervisory Board members of the Company and all its subsidiaries as insured persons, as prescribed in Article 430-3, paragraph 1 of the Companies Act.」
The Company has entered into a directors and officers liability insurance contract covering the directors and Audit & Supervisory Board members of the Company and all its subsidiaries, with the Company bearing the entire insurance premium.