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Nix (4243) · InitiativeFirst stated

Addressing director liability risk through directors and officers liability insurance

First written in FY2022. . Latest entry: FY2022.

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  1. FY2022First statedAnnual report

    「The Company has entered into directors and officers liability insurance as stipulated in Article 430-3, Paragraph 1 of the Companies Act with an insurance company.」

    The Company has taken out directors' and officers' liability insurance covering directors and Audit & Supervisory Board members, establishing a framework to cover damages and litigation costs relating to the performance of their duties. This is confirmed for the first time as a standalone topic. Damages and other liabilities incurred personally by officers as a result of criminal acts are excluded from coverage.
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Addressing director liability risk through directors and officers liability insurance | NIX,INC. (4243) | Komori