Addressing Executive Liability Risk through Directors and Officers Liability Insurance
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「The Company has entered into a directors’ and officers’ liability insurance agreement with an insurance company as provided for in Article 430-3, Paragraph 1 of the Companies Act. Under the agreement, losses including damages and litigation expenses that insured persons would bear if claims for damages were brought by shareholders or third parties are covered by the insurance.」
The Company continues to address damages and litigation expenses through directors’ and officers’ liability insurance covering directors and directors of subsidiaries. - FY2021First statedAnnual report
「The Company has entered into a directors’ and officers’ liability insurance agreement with an insurance company as provided for in Article 430-3, Paragraph 1 of the Companies Act. Under the agreement, losses including damages and litigation expenses that insured persons would bear if claims for damages were brought by shareholders or third parties are covered by the insurance.」
The Company disclosed a directors’ and officers’ liability insurance agreement covering directors and directors of subsidiaries as insured persons, outlining a means of addressing damages and litigation expenses.