Loss Coverage Framework under Directors and Officers Liability Insurance
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「The Company has entered into a directors and officers liability insurance contract with an insurance company as prescribed in Article 430-3, paragraph 1 of the Companies Act. Under the contract, the Company and its subsidiaries' directors, audit and supervisory board members, executive officers and others who are insured are indemnified against losses that may arise from being liable in the performance of their duties or from receiving claims seeking to impose such liability.」
The company continues to disclose its system for indemnifying losses through directors and officers liability insurance covering officers and others of the Company and its subsidiaries. - FY2021First statedAnnual report
「The Company has entered into a directors and officers liability insurance contract with an insurance company as prescribed in Article 430-3, paragraph 1 of the Companies Act. Under the contract, the Company and its subsidiaries' directors, audit and supervisory board members, executive officers and others who are insured are indemnified against losses that may arise from being liable in the performance of their duties or from receiving claims seeking to impose such liability.」
The company has entered into directors and officers liability insurance covering directors, audit and supervisory board members, executive officers and others of the Company and its subsidiaries, and discloses a system for indemnifying certain losses.