D.I.System (4421) · InitiativeReframed
Preparing for Director Liability Risk Through Directors and Officers Liability Insurance
First written in FY2021. 1 of 2 entries say "Reframed", first in FY2023. Latest entry: FY2023.
2entries
3years
0from disclosures
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Governance Response Through Directors and Officers Liability InsuranceA theme 882 companies write about · 0 as a headwind · 735 as a tailwind
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Showing 14 of the 200 companies compared. The sentences above are computed from all 200.Comparing 200 of the theme's 882 threads.Full recordFilings, disclosures and news, newest first
- FY2023ReframedAnnual report
「The insurance contract covers legally required damages, litigation costs and other expenses arising from claims for damages resulting from acts by insured persons, including the Company's directors and Audit & Supervisory Committee members.」
Following the transition from a company with an Audit & Supervisory Board to a company with an Audit & Supervisory Committee, the Company stated that insured persons include Audit & Supervisory Committee members. - FY2021First statedAnnual report
「The Company has entered into a directors and officers liability insurance contract with an insurance company as stipulated in Article 430-3, Paragraph 1 of the Companies Act. The insurance contract covers legally required damages, litigation costs and other expenses arising from claims for damages resulting from acts by insured persons, including the Company's directors and audit & supervisory board members.」
The Company newly stated that insurance covers claims for damages and other liabilities arising from acts by insured persons, including directors and audit & supervisory board members, with the Company bearing the full cost of the premiums.