Directors and Officers Liability Insurance Policy
First written in FY2021. 1 of 2 entries say "Raised", first in FY2022. Latest entry: FY2022.
- FY2022RaisedAnnual report
「The Bank has entered into a directors and officers liability insurance policy with an insurance company, covering the Bank's directors and executive officers as insured persons. The policy provides compensation for losses that may arise from the insured persons being held liable in connection with the performance of their duties or receiving claims seeking to enforce such liability. This is a directors and officers liability insurance policy as stipulated in Article 430-3, paragraph 1 of the Companies Act.」
The disclosure expanded the insured persons under the directors and officers liability insurance policy to include executive officers in addition to directors. - FY2021First statedAnnual report
「The Bank has entered into a directors and officers liability insurance policy with an insurance company, covering the Bank's directors as insured persons. The policy provides compensation for losses that may arise from the insured persons being held liable in connection with the performance of their duties or receiving claims seeking to enforce such liability. This is a directors and officers liability insurance policy as stipulated in Article 430-3, paragraph 1 of the Companies Act.」
The Bank disclosed a directors and officers liability insurance policy covering its directors as insured persons and stated that it bears the full cost of the premiums.