Liability Limitation Agreements for Outside Officers
First written in FY2019. 3 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2023: 1 of 9 companies on the "Worse" side.
12 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「We have entered into agreements, pursuant to Article 427, Paragraph 1 of the Companies Act, limiting the liability for damages under Article 423, Paragraph 1 of the same Act, so that outside directors and outside corporate auditors can fully perform their expected roles and outstanding personnel can be recruited.」
The liability limitation agreement intended to enable outside officers to perform their roles and to recruit qualified personnel has been continued. - FY2021RestatedAnnual report
「We have entered into agreements, pursuant to Article 427, Paragraph 1 of the Companies Act, limiting the liability for damages under Article 423, Paragraph 1 of the same Act, so that outside directors and outside corporate auditors can fully perform their expected roles and outstanding personnel can be recruited.」
The liability limitation agreement intended to enable outside officers to perform their roles and to recruit qualified personnel has been continued. - FY2020RestatedAnnual report
「We have entered into agreements, pursuant to Article 427, Paragraph 1 of the Companies Act, limiting the liability for damages under Article 423, Paragraph 1 of the same Act, so that outside directors and outside corporate auditors can fully perform their expected roles and outstanding personnel can be recruited.」
The liability limitation agreement intended to enable outside officers to perform their roles and to recruit qualified personnel has been continued. - FY2019First statedAnnual report
「We have entered into agreements, pursuant to Article 427, Paragraph 1 of the Companies Act, limiting the liability for damages under Article 423, Paragraph 1 of the same Act, so that outside directors and outside corporate auditors can fully perform their expected roles and outstanding personnel can be recruited.」
A liability limitation agreement under the Companies Act has been entered into to enable outside directors and outside corporate auditors to perform their roles and to recruit qualified personnel.