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Data Applications (3848) · InitiativeFirst stated

Risk management through limitation of liability, indemnification and directors and officers liability insurance

First written in FY2021. . Latest entry: FY2021.

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Comprehensive Risk Response Through Liability Limitations, Company Indemnification, and InsuranceA theme 11 companies write about · 0 as a headwind · 11 as a tailwind

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  1. FY2021First statedAnnual report

    「The Company has entered into indemnification agreements with all directors, under which the Company indemnifies expenses specified in item 1 and losses specified in item 2 of Article 430-2, paragraph 1 of the Companies Act, within the scope prescribed by laws and regulations. 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 losses that may arise if an insured director becomes liable in connection with the performance of duties or receives a claim seeking to enforce such liability.」

    The Company disclosed indemnification agreements and a directors' and officers' liability insurance policy covering all directors, demonstrating a framework for indemnifying expenses and losses arising from the performance of duties within the scope permitted by law.
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Risk management through limitation of liability, indemnification and directors and officers liability insurance | Data Applications Company,Limited (3848) | Komori