Execution of directors and officers liability insurance
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「The company has entered into a directors and officers liability insurance contract with an insurance company as provided for in Article 430-3, Paragraph 1 of the Companies Act. The policy covers litigation expenses and damages payable to third parties that insured persons may incur if litigation, including a shareholder derivative action, is brought against them.」
The company continues to disclose its directors and officers liability insurance contract, under which directors and audit & supervisory board members of the company and its subsidiaries are insured persons. - FY2021First statedAnnual report
「The company has entered into a directors and officers liability insurance contract with an insurance company as provided for in Article 430-3, Paragraph 1 of the Companies Act. The policy covers litigation expenses and damages payable to third parties that insured persons may incur if litigation, including a shareholder derivative action, is brought against them.」
The Company has taken out directors and officers liability insurance covering directors and corporate auditors of the Company and its subsidiaries, with the Company bearing the entire premium.