Addressing Directors' Liability Risk through Directors and Officers Liability Insurance
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「Coverage is provided for losses incurred by an insured person when a shareholder or third party makes a claim for damages during the insurance period arising from an act or omission by the insured person in the course of serving as a company officer, including legally payable damages and litigation costs. Coverage also extends to expenses incurred by an insured officer in responding to a situation in which a claim for damages could reasonably be expected, even if no claim has actually been made.」
The Company has continued its directors and officers liability insurance covering its officers and those of its domestic subsidiaries, including coverage for claims for damages arising from their duties. - FY2021First statedAnnual report
「Coverage is provided for losses incurred by an insured person when a shareholder or third party makes a claim for damages during the insurance period arising from an act or omission by the insured person in the course of serving as a company officer, including legally payable damages and litigation costs, among other losses.」
The Company disclosed an insurance contract covering claims for damages arising from the duties of directors, corporate auditors and executive officers of the Company and its domestic subsidiaries.