Introduction of Directors and Officers Liability Insurance (D&O Insurance)
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2024.
- FY2024RestatedAnnual report
「The company has entered into a directors and officers liability insurance policy (D&O insurance) covering its directors and corporate auditors as insured persons. The policy covers losses that may arise if an insured officer becomes liable in connection with the performance of their duties or receives a claim seeking to establish such liability. The company bears the full cost of the premiums.」
The D&O insurance policy covering directors and corporate auditors, the company's payment of all premiums and exclusions for intentional acts and gross negligence were reconfirmed. - FY2022First statedAnnual report
「The company has entered into a directors and officers liability insurance policy (D&O insurance) covering its directors and corporate auditors as insured persons. The policy covers losses that may arise if an insured officer becomes liable in connection with the performance of their duties or receives a claim seeking to establish such liability. The company bears the full cost of the premiums. Claims for damages arising from intentional acts or gross negligence are not covered by the policy.」
A directors and officers liability insurance policy covering directors and corporate auditors was disclosed, with the company bearing the full cost of premiums and exclusions for intentional acts and gross negligence.