Managing Officer Liability Risk Through Directors and Officers Liability Insurance
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「The company has entered into a directors and officers liability insurance (D&O insurance) policy under which all directors are insured, as provided for in Article 430-3, paragraph 1 of the Companies Act. Under the policy, losses that may arise when an insured person is held liable in connection with the performance of their duties or receives a claim seeking to impose such liability are covered by the insurance.」
The company continued to disclose D&O insurance covering all directors and coverage for losses arising from the performance of their duties. - FY2022First statedAnnual report
「The company has entered into a directors and officers liability insurance (D&O insurance) policy under which all directors are insured, as provided for in Article 430-3, paragraph 1 of the Companies Act. Under the policy, losses that may arise when an insured person is held liable in connection with the performance of their duties or receives a claim seeking to impose such liability are covered by the insurance.」
The company disclosed a D&O insurance policy covering all directors and coverage for losses arising from the performance of their duties.