Addressing Executive Risk Through Directors and Officers Liability Insurance
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「We have entered into a directors' and officers' liability insurance (D&O insurance) contract with an insurance company, naming our directors and Audit & Supervisory Board Members as insured persons.」
The D&O insurance for directors and Audit & Supervisory Board Members continues to provide a structure covering certain damages, litigation expenses, and other costs. - FY2022First statedAnnual report
「We have entered into a directors' and officers' liability insurance (D&O insurance) contract with an insurance company, naming our directors and Audit & Supervisory Board Members as insured persons. The policy covers legally payable damages and litigation expenses when an insured person is subject to a shareholder derivative action or other claim for damages, or when an insured person is subject to a claim for damages and compensates a third party for damages arising from the performance of duties. We bear the entire insurance premium.」
A structure providing D&O insurance for directors and Audit & Supervisory Board Members to cover certain damages, litigation expenses, and other costs was described for the first time.