Directors and Officers Liability Insurance
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The Company has entered into a directors and officers liability insurance policy with an insurance company as stipulated in Article 430-3, Paragraph 1 of the Companies Act, under which compensation is provided for losses arising when an insured person incurs liability in the course of performing their duties or receives a claim relating to the pursuit of such liability.」
The company continues to maintain a directors and officers liability insurance policy that excludes wilful misconduct and gross negligence from coverage. - FY2022RestatedAnnual report
「The Company has entered into a directors and officers liability insurance policy with an insurance company as stipulated in Article 430-3, Paragraph 1 of the Companies Act, under which compensation is provided for losses arising when an insured person incurs liability in the course of performing their duties or receives a claim relating to the pursuit of such liability.」
The company continues to maintain a directors and officers liability insurance policy that excludes wilful misconduct and gross negligence from coverage. - FY2021First statedAnnual report
「The Company has entered into a directors and officers liability insurance policy with an insurance company as stipulated in Article 430-3, Paragraph 1 of the Companies Act, under which compensation is provided for losses arising when an insured person incurs liability in the course of performing their duties or receives a claim relating to the pursuit of such liability. The Company bears the entire insurance premium. To ensure that the proper performance of duties by directors and others is not impaired, claims for damages arising from wilful misconduct or gross negligence are excluded from coverage.」
The company has entered into an insurance policy covering losses arising from the performance of duties by directors and others, with wilful misconduct and gross negligence excluded from coverage.