Directors' and Officers' Liability Insurance Policy
First written in FY2021. . Latest entry: FY2023.
- FY2023Clarification of insurance coverage and exclusionsAnnual report
「All directors and Audit & Supervisory Board members of the Company and its subsidiaries are insured persons under the contract, and the insured persons do not bear the insurance premiums. The contract covers damages and legal costs arising from the insured persons' business activities. However, coverage excludes cases in which an insured person obtains a private benefit or an unlawful advantage, or cases arising from criminal conduct.」
The disclosure expands the insurance coverage to all directors and Audit & Supervisory Board members of the Company and its subsidiaries and specifies coverage for damages and legal costs, together with exclusions for private benefits, unlawful advantages and criminal conduct. - FY2021First statedAnnual report
「The Company has entered into a directors and officers liability insurance contract with an insurance company as stipulated in Article 430-3, Paragraph 1 of the Companies Act. All directors and Audit & Supervisory Board members of the Company are insured persons under the contract, and the insured persons do not bear the insurance premiums.」
The disclosure describes a directors and officers liability insurance arrangement covering all directors and Audit & Supervisory Board members and covering damages and legal costs arising from business activities.