Addressing Executive Risk Through Directors and Officers Liability Insurance
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「The Company has entered into a directors’ and officers’ liability insurance contract with an insurance company as prescribed in Article 430-3, paragraph 1 of the Companies Act. If an insured person is subject to a claim for damages arising from an act performed in the course of their duties, damages and litigation expenses will be covered under the insurance contract. The contract is renewed annually.」
The Company is reconfirming its policy of continuing its directors’ and officers’ liability insurance and renewing annually the contract covering damages and litigation expenses. - FY2023RestatedAnnual report
「The insured persons under the insurance contract are the directors and audit & supervisory board members of the Company and its subsidiaries, and the insured persons do not bear the insurance premiums.」
The Company is continuing its directors’ and officers’ liability insurance contract covering the directors and audit & supervisory board members of the Company and its subsidiaries, and is reconfirming its policy of renewing it annually. - FY2022First statedAnnual report
「The Company has entered into a directors’ and officers’ liability insurance contract with an insurance company as prescribed in Article 430-3, paragraph 1 of the Companies Act. If an insured person is subject to a claim for damages arising from an act performed in the course of their duties, damages and litigation expenses will be covered under the insurance contract. The contract is renewed annually.」
The Company has entered into a directors’ and officers’ liability insurance contract covering the directors and audit & supervisory board members of the Company and its subsidiaries, under which damages and litigation expenses are covered. The policy is to renew the contract annually.