Managing executive risk through directors’ and officers’ liability insurance
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The company has entered into a directors and officers liability insurance contract as stipulated in Article 430-3, Paragraph 1 of the Companies Act, covering directors, audit committee members, executive officers, managerial employees and former officers of the company and its subsidiaries as insured persons.」
The directors and officers liability insurance contract and the framework excluding from coverage acts knowingly committed in violation of laws and regulations, among others, have been restated. - FY2025RestatedAnnual report
「The company has entered into a directors and officers liability insurance contract as stipulated in Article 430-3, Paragraph 1 of the Companies Act, covering directors, audit committee members, executive officers, managerial employees and former officers of the company and its subsidiaries as insured persons.」
The directors and officers liability insurance contract and the framework excluding from coverage acts knowingly committed in violation of laws and regulations, among others, have been restated. - FY2021First statedAnnual report
「The company has entered into a directors and officers liability insurance contract as stipulated in Article 430-3, Paragraph 1 of the Companies Act, covering directors, audit & supervisory board members, executive officers, managerial employees and former officers of the company and its subsidiaries as insured persons.」
A directors and officers liability insurance contract covering officers and other personnel of the company and its subsidiaries has been documented as a separate topic for the first time. The contract covers financial losses arising from third-party claims for damages attributable to the performance of duties, while acts knowingly committed in violation of laws and regulations, among others, are excluded from coverage.