Addressing director liability risk through directors and officers liability insurance
First written in FY2022. 1 of 3 entries say "Restated". Latest entry: FY2025.
- FY2025Expansion of the scope of insured personsAnnual 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 covering its directors, Audit & Supervisory Board Members, executive officers and managerial employees, as well as the directors and managerial employees of its subsidiaries, as insured persons. The Company bears the full cost of the premiums.」
The scope of insured persons has been expanded from the Company's directors and Audit & Supervisory Board Members and the directors of its subsidiaries to include executive officers, managerial employees and managerial employees of subsidiaries. - FY2024RestatedAnnual 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 covering its directors and Audit & Supervisory Board Members and the directors of its subsidiaries as insured persons. The Company bears the full cost of the premiums.」
The directors’ and officers’ liability insurance contract covering the directors and audit & supervisory board members of the company and its subsidiaries continues. - 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 covering its directors and Audit & Supervisory Board Members and the directors of its subsidiaries as insured persons. The Company bears the full cost of the premiums.」
The Company has entered into a directors and officers liability insurance policy covering the directors and Audit & Supervisory Board Members of the Company and the directors and Audit & Supervisory Board Members of its subsidiaries.