Komori
MKSystem (3910) · PolicyFirst stated

Addressing Director Liability Risk Through Directors and Officers Liability Insurance

First written in FY2022. . Latest entry: FY2022.

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Entering into and maintaining directors and officers liability insurance policiesA theme 10 companies write about · 0 as a headwind · 8 as a tailwind

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  1. FY2022First statedAnnual report

    「We have entered into a directors and officers liability insurance contract with an insurance company under Article 430-3, Paragraph 1 of the Companies Act. The insurance contract is intended to cover damages, litigation costs, and other losses incurred by insured persons as a result of claims for damages arising from acts, including omissions, carried out by them in the course of their duties as company officers.」

    The company entered into a directors' and officers' liability insurance agreement and disclosed for the first time its policy of covering damages and litigation costs arising from the performance of directors' duties. However, losses arising from criminal acts such as bribery and corruption or intentional illegal acts are excluded from coverage.
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