Addressing executive liability risk through directors and officers liability insurance
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「The insured persons under the policy are the Company's directors, including directors who are Audit and Supervisory Committee members, executive officers, and the directors and corporate auditors of subsidiaries. The insured persons do not bear the insurance premiums.」
Continues to disclose the directors and officers liability insurance arrangement covering officers and other personnel of the Company and its subsidiaries. - FY2024RestatedAnnual report
「The insured persons under the policy are the Company's directors, including directors who are Audit and Supervisory Committee members, executive officers, and the directors and corporate auditors of subsidiaries. The insured persons do not bear the insurance premiums.」
Continues to disclose the directors and officers liability insurance arrangement covering officers and other personnel of the Company and its subsidiaries. - FY2023RaisedAnnual report
「The insured persons under the policy are the Company's directors, including directors who are Audit and Supervisory Committee members, executive officers, and the directors and corporate auditors of subsidiaries. The insured persons do not bear the insurance premiums.」
Discloses that the scope of the directors and officers liability insurance was expanded from the Company's directors and executive officers to include the directors and corporate auditors of subsidiaries. - FY2021First statedAnnual report
「The Company has entered into a directors and officers liability insurance policy, as stipulated in Article 430-3, Paragraph 1 of the Companies Act, with an insurance company. The policy covers legal damages and other amounts payable if an insured person is subject to a claim for damages arising from an act carried out in that person's official capacity.」
Has introduced a directors and officers liability insurance arrangement covering directors as insured persons and providing coverage for certain damages and other amounts. Illegal acquisition of benefits, criminal acts, misconduct and similar matters are excluded from coverage.