Addressing Directors' Liability Risk through Directors and Officers Liability Insurance
First written in FY2022. 3 of 4 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The policy provides coverage for damages and litigation costs incurred by insured persons as a result of claims for damages arising from acts, including omissions, carried out in the course of their duties as company officers. The policy is renewed annually, and the company plans to renew it on the same terms at the next renewal.」
The company will continue its directors and officers liability insurance and plans to renew it on the same terms at the next renewal. The exclusion of criminal acts and other conduct from coverage will also be maintained. - FY2025RestatedAnnual report
「The policy provides coverage for damages and litigation costs incurred by insured persons as a result of claims for damages arising from acts, including omissions, carried out in the course of their duties as company officers. The policy is renewed annually, and the company plans to renew it on the same terms at the next renewal.」
The company will continue its directors and officers liability insurance and plans to renew it on the same terms at the next renewal. The policy terms excluding criminal acts and other conduct from coverage will also be maintained. - FY2023RestatedAnnual report
「The company plans to renew the policy on the same terms at the next renewal. However, criminal acts such as bribery and losses incurred personally by officers who intentionally commit illegal acts are excluded from coverage, ensuring that the proper execution of officers' duties is not undermined.」
The company will continue its directors and officers liability insurance and plans to renew it on the same terms at the next renewal. The policy terms excluding criminal acts and other conduct from coverage will also be maintained. - FY2022First statedAnnual report
「The policy provides coverage for damages and litigation costs incurred by insured persons as a result of claims for damages arising from acts, including omissions, carried out in the course of their duties as company officers. The policy is renewed annually.」
The company has introduced directors and officers liability insurance covering directors, audit & supervisory board members and executive officers. Criminal acts and other conduct are excluded from coverage, and the policy terms are designed to ensure the proper execution of officers' duties.