Addressing Officer Liability Risks Through Directors and Officers Liability Insurance
First written in FY2021. 2 of 5 entries say "Raised", first in FY2022. Latest entry: FY2026.
- FY2026RestatedAnnual report
「The insured persons under the directors and officers liability insurance agreement are all directors, audit & supervisory board members, executive officers and company executives of our company and its subsidiaries, excluding PEGASUS UNITED ASIA SDN. BHD., and」
Company executives continue to be included among those covered by the directors and officers liability insurance, while the Malaysian subsidiary remains excluded. - FY2025SoftenedAnnual report
「The insured persons under the directors and officers liability insurance agreement are all directors, audit & supervisory board members, executive officers and company executives of our company and its subsidiaries, excluding PEGASUS UNITED ASIA SDN. BHD., and」
Company executives have been included among those covered by the directors and officers liability insurance, while PEGASUS UNITED ASIA SDN. BHD., established in November 2024, is excluded. It is also specified that, for overseas subsidiaries, coverage is limited to officers of overseas subsidiaries who are employed by our company. - FY2024RaisedAnnual report
「The insured persons under the directors and officers liability insurance agreement are all directors, audit & supervisory board members, executive officers and company executives of our company and 10 subsidiaries, and our company bears the full cost of the premiums for all insured persons.」
In addition to the existing directors, audit & supervisory board members and executive officers, company executives are now included, clarifying the scope of persons covered. - FY2022RaisedAnnual report
「The insured persons under the directors and officers liability insurance agreement are all directors, audit & supervisory board members and executive officers of our company and 10 subsidiaries, and our company bears the full cost of the premiums for all insured persons.」
The scope of the directors and officers liability insurance has expanded from the 9 subsidiaries disclosed previously to 10 subsidiaries. The coverage extends across the group, including 南通ペガサス自動車部品製造有限公司. - FY2021First statedAnnual report
「We have entered into a directors and officers liability insurance agreement with an insurance company as provided for in Article 430-3, Paragraph 1 of the Companies Act. The agreement covers damages arising from lawsuits against directors and officers that insured persons would otherwise be required to bear. The insured persons are all directors, audit & supervisory board members and executive officers of our company and 9 subsidiaries, and our company bears the full cost of the premiums for all insured persons.」
We have introduced directors and officers liability insurance covering all directors, audit & supervisory board members and executive officers of our company and 9 subsidiaries, thereby establishing a system for addressing litigation-related damages.