Managing Executive Liability Risk Through Directors and Officers Liability Insurance
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2023.
20 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「We have entered into a directors and officers liability insurance policy with an insurance company under Article 430-3, Paragraph 1 of the Companies Act. The policy is intended to cover damages, litigation costs and other losses incurred by the insured as a result of claims for damages arising from acts, including omissions, carried out by the insured in the course of their duties as company officers.」
We continue to maintain an insurance policy covering damages and litigation costs arising from the duties of officers. - FY2022First statedAnnual report
「We have entered into a directors and officers liability insurance policy with an insurance company under Article 430-3, Paragraph 1 of the Companies Act. The policy is intended to cover damages, litigation costs and other losses incurred by the insured as a result of claims for damages arising from acts, including omissions, carried out by the insured in the course of their duties as company officers.」
We have introduced an insurance policy covering damages and litigation costs arising from the duties of officers, while criminal acts and intentional unlawful acts are excluded from coverage.