Addressing Director and Officer Liability through Indemnification Agreements and D&O 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 losses that may arise when an insured director or officer becomes liable in the course of performing their duties or receives a claim seeking to enforce such liability.」
The company continues to describe its directors and officers liability insurance covering directors, audit & supervisory board members, and executive officers. - 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 losses that may arise when an insured director or officer becomes liable in the course of performing their duties or receives a claim seeking to enforce such liability. The insured parties are directors, audit & supervisory board members, and executive officers.」
The company has entered into a directors and officers liability insurance contract covering directors, audit & supervisory board members, and executive officers, and describes the mechanism for covering losses related to the performance of their duties.