Introduction of Directors and Officers Liability Insurance (D&O Insurance)
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2024.
- FY2024RestatedAnnual report
「The company has entered into an officers' and directors' liability insurance agreement (D&O insurance) with an insurance company, as prescribed in Article 430-3, Paragraph 1 of the Companies Act, with the company's officers and other personnel, including directors and Audit & Supervisory Board members, as insured persons.」
The company has continued its D&O insurance policy covering directors and audit and supervisory board members as insured persons. - FY2022RestatedAnnual report
「The company has entered into an officers' and directors' liability insurance agreement (D&O insurance) with an insurance company, as prescribed in Article 430-3, Paragraph 1 of the Companies Act, with the company's officers and other personnel, including directors and Audit & Supervisory Board members, as insured persons.」
The company has continued its D&O insurance policy covering directors and audit and supervisory board members as insured persons. - FY2021First statedAnnual report
「The company has entered into an officers' and directors' liability insurance agreement (D&O insurance) with an insurance company, as prescribed in Article 430-3, Paragraph 1 of the Companies Act, with the company's officers and other personnel, including directors and Audit & Supervisory Board members, as insured persons. The policy provides coverage for losses that may arise when an insured officer or other personnel is held liable in connection with the performance of their duties or receives a claim seeking to enforce such liability.」
The company has disclosed for the first time that it entered into a D&O insurance agreement covering directors and Audit & Supervisory Board members. Acts undertaken with knowledge of a violation of laws or regulations and other matters are excluded from coverage, and the company bears the entire insurance premium.