Addressing Director Liability Through Directors and Officers Liability Insurance
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2024.
- FY2024RestatedAnnual report
「The Company has entered into a directors and officers liability insurance contract with an insurer covering all directors and audit & supervisory board members of the Company and its subsidiary, Minami Toyo Shutter Co., Ltd., as insured persons under Article 430-3, Paragraph 1 of the Companies Act. The Company bears the entire insurance premium.」
The directors and officers liability insurance policy covering all directors and audit & supervisory board members remains in place. - FY2022RestatedAnnual report
「The Company has entered into a directors and officers liability insurance contract with an insurer covering all directors and audit & supervisory board members of the Company and its subsidiary, Minami Toyo Shutter Co., Ltd., as insured persons under Article 430-3, Paragraph 1 of the Companies Act. The Company bears the entire insurance premium.」
The directors and officers liability insurance policy covering all directors and audit & supervisory board members remains in place. - FY2021First statedAnnual report
「The Company has entered into a directors and officers liability insurance contract with an insurer covering all directors and audit & supervisory board members of the Company and its subsidiary, Minami Toyo Shutter Co., Ltd., as insured persons under Article 430-3, Paragraph 1 of the Companies Act. The Company bears the entire insurance premium.」
This was the first disclosure as a separate theme of a directors and officers liability insurance contract covering all directors and audit & supervisory board members and renewed annually. The policy also specifies exclusions, including intentional acts involving violations of laws, and coverage limits.