Addressing management decision-making risk through directors and officers liability insurance
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「The group has directors and officers liability insurance (D&O insurance) so that directors and others are not deterred from making management decisions by the risk of incurring excessive damages liability. The company has entered into a directors and officers liability insurance policy with 明治安田損害保険株式会社, covering directors, statutory auditors and persons holding equivalent positions at affiliated companies, with a total indemnity limit of ¥1 billion.」
The company continues to maintain D&O insurance covering directors, statutory auditors and persons holding equivalent positions at affiliated companies, with a total indemnity limit of ¥1 billion. - FY2021First statedAnnual report
「The group has directors and officers liability insurance (D&O insurance) so that directors and others are not deterred from making management decisions by the risk of incurring excessive damages liability. The company has entered into a directors and officers liability insurance policy with 明治安田損害保険株式会社, covering directors, statutory auditors and persons holding equivalent positions at affiliated companies, with a total indemnity limit of ¥1 billion.」
The company newly disclosed its D&O insurance coverage for directors, statutory auditors and persons holding equivalent positions at affiliated companies, together with a total indemnity limit of ¥1 billion.