Directors and Officers Liability Insurance Policy
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「We have 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 policy covers damages, including compensation payments and litigation expenses, that insured persons may incur if claims for damages are brought by shareholders or other third parties.」
The Company continues to maintain directors and officers liability insurance covering its directors as insured persons. - FY2021First statedAnnual report
「We have 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 policy covers damages, including compensation payments and litigation expenses, that insured persons may incur if claims for damages are brought by shareholders or other third parties.」
A directors and officers liability insurance contract has been entered into, with directors as the insured persons and coverage for compensation payments, litigation expenses and other costs.