Managing Director Liability Risk Through Directors and Officers Liability Insurance
First written in FY2021. 3 of 4 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The company has entered into a directors and officers liability insurance agreement with an insurance company as prescribed in Article 430-3, Paragraph 1 of the Companies Act. The insurance covers losses, including legal damages and costs related to responding to claims, that may be borne by insured directors, including directors who are Audit & Supervisory Committee members.」
The company continues its framework for covering directors’ damages and costs related to responding to claims through directors and officers liability insurance. - FY2024RestatedAnnual report
「The company has entered into a directors and officers liability insurance agreement with an insurance company as prescribed in Article 430-3, Paragraph 1 of the Companies Act. The insurance covers losses, including legal damages and costs related to responding to claims, that may be borne by insured directors, including directors who are Audit & Supervisory Committee members.」
The company continues its framework for covering directors’ damages and costs related to responding to claims through directors and officers liability insurance. - FY2022RestatedAnnual report
「The company has entered into a directors and officers liability insurance agreement with an insurance company as prescribed in Article 430-3, Paragraph 1 of the Companies Act. The insurance covers losses, including legal damages and costs related to responding to claims, that may be borne by insured directors, including directors who are Audit & Supervisory Committee members.」
The company continues its framework for covering directors’ damages and costs related to responding to claims through directors and officers liability insurance. - FY2021First statedAnnual report
「The company has entered into a directors and officers liability insurance agreement with an insurance company as prescribed in Article 430-3, Paragraph 1 of the Companies Act. The insurance covers losses, including legal damages and costs related to responding to claims, that may be borne by insured directors, including directors who are Audit & Supervisory Committee members.」
The company has newly disclosed a framework under which directors’ legal damages and costs related to responding to claims are covered by a directors and officers liability insurance agreement.