Addressing officers’ and employees’ liability risks through directors and officers liability insurance
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The policy generally provides that the insurance company indemnifies the insured for losses that may arise if the insured is held liable in connection with the performance of duties or receives a claim seeking to pursue such liability. The policy is renewed annually.」
The company continues its directors and officers liability insurance policy and discloses that the policy is renewed annually and that appropriate performance of duties is ensured through coverage limits and exclusions. - FY2022RestatedAnnual report
「The company has entered into a directors and officers liability insurance policy as prescribed in Article 430-3, Paragraph 1 of the Companies Act with an insurance company, covering the company and the directors, outside directors, Audit and Supervisory Committee members, executive officers and managerial employees of the company’s subsidiaries listed in “1.4 Status of Affiliated Companies,” including those who held such positions during the fiscal year. The company and its subsidiaries bear the full cost of the premiums.」
The company continues its directors and officers liability insurance policy covering officers, executive officers and managerial employees, with renewal planned annually. - FY2021First statedAnnual report
「The company has entered into a directors and officers liability insurance policy as prescribed in Article 430-3, Paragraph 1 of the Companies Act with an insurance company, covering the company and the directors, outside directors, Audit and Supervisory Committee members, executive officers and managerial employees of the company’s subsidiaries listed in “1.4 Status of Affiliated Companies,” including those who held such positions during the fiscal year. The company and its subsidiaries bear the full cost of the premiums.」
The company entered into a directors and officers liability insurance policy covering directors, Audit and Supervisory Committee members, executive officers and managerial employees, and newly disclosed its framework for addressing losses arising from the performance of their duties.