Addressing Director Liability Risk through Directors and Officers Liability Insurance
First written in FY2021. 3 of 4 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 stipulated in Article 430-3, Paragraph 1 of the Companies Act.」
The Company continues to disclose the directors and officers liability insurance contract and the condition excluding criminal acts and similar matters from coverage. - FY2023RestatedAnnual 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. The coverage extends to the Company's directors and corporate auditors, including outside directors and outside corporate auditors, as well as the directors and corporate auditors of its subsidiaries. The insured parties do not bear the insurance premiums.」
The Company continues to disclose the liability insurance contract covering directors and officers, along with the condition excluding criminal acts and similar matters from coverage. - FY2022RestatedAnnual 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.」
The Company continues to disclose the liability insurance contract covering directors and officers, including its coverage and renewal terms. - 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. The coverage extends to the Company's directors and corporate auditors, including outside directors and outside directors, as well as the directors and corporate auditors of its subsidiaries. The insured parties do not bear the insurance premiums.」
The Company has newly disclosed a liability insurance contract covering directors and officers. The contract is renewed annually, and losses arising from criminal acts such as bribery and corruption, or from intentional unlawful acts, are excluded from coverage.