Addressing Directors' and Officers' Liability Risk Through D&O Insurance
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「In summary, under the insurance agreement, the insurance company indemnifies the insured against losses that may arise from being held liable in the performance of their duties or from receiving a claim seeking to enforce such liability. The agreement is renewed annually. At present, the Company plans to renew it next time on the same terms.」
It discloses that directors’ and officers’ liability insurance will be maintained and renewed annually, with the next renewal planned on the same terms. - FY2024RestatedAnnual report
「In summary, under the insurance agreement, the insurance company indemnifies the insured against losses that may arise from being held liable in the performance of their duties or from receiving a claim seeking to enforce such liability. The agreement is renewed annually.」
It reconfirms the practice of maintaining directors’ and officers’ liability insurance covering directors, Audit & Supervisory Board members and executive officers, with annual renewals. - FY2022First statedAnnual report
「The Company has entered into a directors’ and officers’ liability insurance agreement with an insurance company, under which the insured persons are the directors, Audit & Supervisory Board members and executive officers of the Company and its subsidiaries listed in “1. Overview of the Company, 4. Status of Affiliated Companies.” The Company bears the entire insurance premium.」
It discloses a framework under which directors, Audit & Supervisory Board members and executive officers are covered by a directors’ and officers’ liability insurance agreement renewed annually.