Preparing for Officer Liability Through Directors' and Officers' Liability Insurance
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual 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 policy provides coverage for losses and other amounts incurred when directors and other officers become liable for damages arising from their duties, excluding matters falling under exclusions specified in the insurance contract. The policy period is 1 year, and the company bears the entire insurance premium.」
The company reconfirms its arrangement of entering into a 1-year directors and officers liability insurance policy at the company’s expense to cover liability for damages incurred by directors and other officers. - 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 policy provides coverage for losses and other amounts incurred when directors and other officers become liable for damages arising from their duties, excluding matters falling under exclusions specified in the insurance contract. The policy period is 1 year, and the company bears the entire insurance premium.」
The company reconfirms its arrangement of entering into a 1-year directors and officers liability insurance policy at the company’s expense to cover liability for damages incurred by directors and other officers arising from their duties. - 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 policy provides coverage for losses and other amounts incurred when directors and other officers become liable for damages arising from their duties, excluding matters falling under exclusions specified in the insurance contract. The policy period is 1 year, and the company bears the entire insurance premium.」
The company describes for the first time that it has entered into a 1-year directors and officers liability insurance policy at the company’s expense to cover liability for damages incurred by directors and other officers arising from their duties.