Addressing Officer Liability Risks through D&O Insurance
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「The company has entered into a directors and officers liability insurance contract with an insurance company as prescribed in Article 430-3, Paragraph 1 of the Companies Act. The contract provides coverage for shareholder derivative action costs, third-party litigation costs and other related expenses that would otherwise be borne by the insured persons.」
The company continued to disclose the arrangement under which directors and officers liability insurance covers shareholder derivative action costs and other expenses. - FY2023RestatedAnnual report
「The company has entered into a directors and officers liability insurance contract with an insurance company as prescribed in Article 430-3, Paragraph 1 of the Companies Act. The contract provides coverage for shareholder derivative action costs, third-party litigation costs and other related expenses that would otherwise be borne by the insured persons.」
The company continued to disclose the arrangement under which directors and officers liability insurance covers shareholder derivative action costs and other expenses. - FY2022First statedAnnual report
「The company has entered into a directors and officers liability insurance contract with an insurance company as prescribed in Article 430-3, Paragraph 1 of the Companies Act. The contract provides coverage for shareholder derivative action costs, third-party litigation costs and other related expenses that would otherwise be borne by the insured persons.」
The company first recorded as a topic the arrangement under which directors and officers liability insurance covers shareholder derivative action costs and other expenses, with directors serving as the insured persons.