Addressing Directors' and Officers' Liability Risk Through D&O Insurance
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The Company has entered into a directors and officers liability insurance policy, as prescribed in Article 430-3, Paragraph 1 of the Companies Act, with an insurance company. The policy covers losses, except those falling under exclusions specified in the insurance contract, arising when directors or audit & supervisory board members incur liability for damages in connection with their duties.」
The company continues to maintain D&O insurance covering directors’ and audit & supervisory board members’ liability for damages. - FY2023RestatedAnnual report
「The Company has entered into a directors and officers liability insurance policy, as prescribed in Article 430-3, Paragraph 1 of the Companies Act, with an insurance company. The policy covers losses, except those falling under exclusions specified in the insurance contract, arising when directors or audit & supervisory board members incur liability for damages in connection with their duties.」
The company continues to maintain a D&O insurance policy covering directors’ and audit & supervisory board members’ liability for damages arising from the performance of their duties. - FY2022First statedAnnual report
「The Company has entered into a directors and officers liability insurance policy, as prescribed in Article 430-3, Paragraph 1 of the Companies Act, with an insurance company. The policy covers losses, except those falling under exclusions specified in the insurance contract, arising when directors or audit & supervisory board members incur liability for damages in connection with their duties.」
The Company first created a thread disclosing its D&O insurance policy covering damages arising from directors’ and audit & supervisory board members’ duties. The Company bears the entire insurance premium.