Entering into a directors' and officers' liability insurance contract
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2024.
- FY2024RestatedAnnual report
「The company has entered into a directors’ and corporate auditors’ liability insurance contract with an insurance company, under which the directors and corporate auditors are insured, as provided for in Article 430-3, Paragraph 1 of the Companies Act. Claims for damages arising from intentional acts or gross negligence are not covered under the insurance contract.」
The company has reconfirmed the directors’ and corporate auditors’ liability insurance contract and the exclusion from coverage of claims arising from intentional acts or gross negligence. - FY2023RestatedAnnual report
「The company has entered into a directors’ and corporate auditors’ liability insurance contract with an insurance company, under which the directors and corporate auditors are insured, as provided for in Article 430-3, Paragraph 1 of the Companies Act. Claims for damages arising from intentional acts or gross negligence are not covered under the insurance contract.」
The company has reconfirmed the directors’ and corporate auditors’ liability insurance contract and the exclusion from coverage of claims arising from intentional acts or gross negligence. - FY2021First statedAnnual report
「The company has entered into a directors’ and corporate auditors’ liability insurance contract with an insurance company, under which the directors and corporate auditors are insured, as provided for in Article 430-3, Paragraph 1 of the Companies Act. Claims for damages arising from intentional acts or gross negligence are not covered under the insurance contract.」
The company has entered into a directors’ and corporate auditors’ liability insurance contract, with all premiums borne by the company. Claims arising from intentional acts or gross negligence are excluded from coverage.