Addressing Officer Liability Risk through Limitation of Liability Agreements and Directors and Officers Liability Insurance
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: 2026-05-01.
7 other companies' latest entry also says "Restated".
- 2026-05-01RestatedGeneral Meetings of Shareholders
「To secure outstanding personnel and prevent directors and executive officers from becoming unduly constrained in the execution of their duties, we have entered into a directors’ and officers’ liability insurance contract with an insurance company as stipulated in Article 430-3, Paragraph 1 of the Companies Act, and plan to renew it in June 2026.」
The Group reiterated the execution and planned renewal of its directors’ and officers’ liability insurance contract. - FY2023First statedAnnual report
「We have entered into a directors and officers liability insurance policy with an insurance company as prescribed in Article 430-3, paragraph 1 of the Companies Act. The insured persons under the policy are our directors, audit & supervisory board members and executive officers. The policy covers losses incurred by the insured persons when claims for damages are made during the insurance period as a result of acts or omissions carried out in the course of their duties as company officers.」
The company has entered into a directors and officers liability insurance policy covering directors, audit & supervisory board members and executive officers, and describes a framework for covering officers' losses except for specified exclusions.