Preparing for Officer Liability Through Directors' and Officers' Liability Insurance
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「We have entered into a directors and officers liability insurance contract with an insurance company covering the directors and audit & supervisory board members of the company and its subsidiaries, including those who held office during the current consolidated fiscal year, as insured persons, as stipulated in Article 430-3, Paragraph 1 of the Companies Act. We bear the full cost of the premiums.」
The company reconfirms that the directors and officers liability insurance contract will be maintained and renewed annually. - FY2021First statedAnnual report
「We have entered into a directors and officers liability insurance contract with an insurance company covering the directors and audit & supervisory board members of the company and its subsidiaries, including those who held office during the current consolidated fiscal year, as insured persons, as stipulated in Article 430-3, Paragraph 1 of the Companies Act. We bear the full cost of the premiums.」
The company entered into a directors and officers liability insurance contract covering the directors and audit & supervisory board members of the company and its subsidiaries, and disclosed for the first time a mechanism for renewing it annually.