Addressing Directors' and Officers' Liability Risk Through Liability Insurance
First written in FY2021. 3 of 4 entries say "Restated". Latest entry: FY2024.
- FY2024RestatedAnnual report
「The Company has entered into a directors and officers liability insurance policy with an insurance company pursuant to Article 430-3, Paragraph 1 of the Companies Act. Under the policy, compensation is provided for damages, legal fees and other costs incurred by insured persons, including the Company's directors, when claims for damages are brought against them in connection with acts performed in the course of their duties, excluding criminal acts and similar conduct.」
The company continues to maintain its directors’ and officers’ liability insurance contract. - FY2023RestatedAnnual report
「The Company has entered into a directors and officers liability insurance policy with an insurance company pursuant to Article 430-3, Paragraph 1 of the Companies Act. Under the policy, compensation is provided for damages, legal fees and other costs incurred by insured persons, including the Company's directors, when claims for damages are brought against them in connection with acts performed in the course of their duties, excluding criminal acts and similar conduct.」
The company continues to maintain its directors’ and officers’ liability insurance contract. - FY2022RestatedAnnual report
「The Company has entered into a directors and officers liability insurance policy with an insurance company pursuant to Article 430-3, Paragraph 1 of the Companies Act. Under the policy, compensation is provided for damages, legal fees and other costs incurred by insured persons, including the Company's directors, when claims for damages are brought against them in connection with acts performed in the course of their duties, excluding criminal acts and similar conduct.」
The company continues to maintain directors’ and officers’ liability insurance covering directors, audit & supervisory board members, and executive officers. - FY2021First statedAnnual report
「The Company has entered into a directors and officers liability insurance policy with an insurance company pursuant to Article 430-3, Paragraph 1 of the Companies Act. Under the policy, compensation is provided for damages, legal fees and other costs incurred by insured persons, including the Company's directors, when claims for damages are brought against them in connection with acts performed in the course of their duties, excluding criminal acts and similar conduct.」
The Company has entered into a directors and officers liability insurance policy covering its directors, corporate auditors and executive officers, providing coverage for damages, legal fees and other costs. The Company bears the insurance premiums for all insured persons.