Directors' and Officers' Liability Insurance Policy
First written in FY2023. 2 of 3 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「The Company has entered into a directors and officers liability insurance policy with an insurance company, covering its directors, audit & supervisory board members and executive officers under its executive officer system as insured persons, as stipulated in Article 430-3, Paragraph 1 of the Companies Act.」
The company continues to disclose a directors and officers liability insurance policy covering directors, audit & supervisory board members and executive officers. - FY2024RestatedAnnual report
「The Company has entered into a directors and officers liability insurance policy with an insurance company, covering its directors, audit & supervisory board members and executive officers under its executive officer system as insured persons, as stipulated in Article 430-3, Paragraph 1 of the Companies Act.」
The company continues to disclose a directors and officers liability insurance policy covering directors, audit & supervisory board members and executive officers. - FY2023First statedAnnual report
「The Company has entered into a directors and officers liability insurance policy with an insurance company, covering its directors, audit & supervisory board members and executive officers under its executive officer system as insured persons, as stipulated in Article 430-3, Paragraph 1 of the Companies Act.」
The company is disclosing for the first time a directors and officers liability insurance policy covering directors, audit & supervisory board members and executive officers. The policy covers litigation costs and damages in shareholder derivative actions and other lawsuits, but excludes claims arising from wilful misconduct or gross negligence.