Introduction of D&O Insurance
First written in FY2022. 1 of 3 entries say "Raised", first in FY2023. Latest entry: FY2026.
- FY2026RestatedAnnual report
「We have entered into a directors and officers liability insurance (D&O insurance) contract as prescribed in Article 430-3 of the Companies Act, with our directors, Audit & Supervisory Board members, executive officers, and the officers of our subsidiaries as insured persons.」
The policy of including directors, Audit & Supervisory Board members, executive officers, and subsidiary officers as insured persons under the D&O insurance continues to be disclosed. - FY2023RaisedAnnual report
「We have entered into a directors and officers liability insurance (D&O insurance) contract as prescribed in Article 430-3 of the Companies Act, with our directors, Audit & Supervisory Board members, executive officers, and the officers of our subsidiaries as insured persons.」
The disclosure states that the insured persons under the D&O insurance have been expanded from all directors, as previously stated, to include directors, Audit & Supervisory Board members, executive officers, and subsidiary officers. - FY2022First statedAnnual report
「To enable directors to fully perform their expected roles and to attract capable personnel, the Company has entered into a directors and officers liability insurance (D&O insurance) contract under which all directors are insured, as provided in Article 430-3, Paragraph 3 of the Companies Act.」
The Company first disclosed that it had entered into a D&O insurance contract covering all directors. It also disclosed exclusions, including cases in which an insured person knowingly engaged in an unlawful act.