Toyo Drilube (4976) · PolicyRestated
Addressing Director Liability Through Directors and Officers Liability Insurance
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2025.
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Governance Response Through Directors and Officers Liability InsuranceA theme 882 companies write about · 0 as a headwind · 735 as a tailwind
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Showing 14 of the 200 companies compared. The sentences above are computed from all 200.Comparing 200 of the theme's 882 threads.Full recordFilings, disclosures and news, newest first
- FY2025RestatedAnnual report
「The insured persons are the company’s directors and executive officers, and the officers of its subsidiaries.」
The company continues to maintain D&O liability insurance covering its officers and those of its subsidiaries, with criminal acts and other matters excluded from coverage. - FY2024First statedAnnual report
「The insurance covers damages, legal costs and other losses incurred by an insured person as a result of a claim for damages arising from an act, including an omission, performed in the capacity of an officer of the company. However, measures have been taken to ensure that the proper execution of officers’ duties is not compromised by excluding from coverage losses incurred by officers themselves as a result of criminal acts such as bribery or intentional violations of law. The company bears the full cost of the premiums.」
The company has newly disclosed that it maintains D&O liability insurance covering its directors and officers and those of its subsidiaries, while excluding criminal acts and intentional violations of law from coverage.