Addressing Directors’ and Officers’ Liability Risk Through D&O Insurance
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「The Company and its subsidiaries have entered into directors' and officers' liability insurance contracts, as prescribed in Article 430-3, Paragraph 1 of the Companies Act, with directors and Audit & Supervisory Board Members as the insured parties. The Company bears the entire cost of the insurance premiums.」
The Company continues to disclose its directors' and officers' liability insurance contracts covering directors and Audit & Supervisory Board Members, with the Company bearing the full cost of the premiums. - FY2021First statedAnnual report
「The Company and its subsidiaries have entered into directors' and officers' liability insurance contracts, as prescribed in Article 430-3, Paragraph 1 of the Companies Act, with directors and Audit & Supervisory Board Members as the insured parties. The Company bears the entire cost of the insurance premiums. The insurance contracts cover losses that may arise when an insured person incurs liability resulting from the performance of their duties or receives a claim seeking enforcement of such liability.」
The Company has disclosed for the first time its directors' and officers' liability insurance contracts covering directors and Audit & Supervisory Board Members, with the Company bearing the full cost of the premiums. Acts carried out with knowledge of a violation of laws or regulations and other acts are excluded from coverage.