Addressing Officer Liability Through Directors and Officers Liability Insurance
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2024.
- FY2024RestatedAnnual report
「The policy provides indemnification for damages, legal fees and other costs incurred by insured persons as a result of claims for damages arising from acts performed, including omissions, in the course of their duties as company officers. The insured persons comprise all directors, corporate auditors, audit and supervisory committee members and executive officers of the Company and all its subsidiaries.」
The company continues to maintain a directors and officers liability insurance policy covering the officers of the Company and all its subsidiaries. - FY2023RestatedAnnual report
「The policy provides indemnification for damages, legal fees and other costs incurred by insured persons as a result of claims for damages arising from acts performed, including omissions, in the course of their duties as company officers. The insured persons comprise all directors, corporate auditors, audit and supervisory committee members and executive officers of the Company and all its subsidiaries.」
The company continues to maintain a directors and officers liability insurance policy covering the officers of the Company and all its subsidiaries. - FY2021First statedAnnual report
「The Company has entered into a directors and officers liability insurance policy with an insurance company as prescribed in Article 430-3, Paragraph 1 of the Companies Act (directors and officers liability insurance with a comprehensive management liability coverage endorsement). The policy covers all directors, corporate auditors, audit and supervisory committee members and executive officers of the Company and all its subsidiaries as insured persons, and provides indemnification for damages, legal fees and other costs incurred by insured persons as a result of claims for damages arising from acts performed, including omissions, in the course of their duties as company officers.」
The company has disclosed that it has entered into a directors and officers liability insurance policy covering the directors, corporate auditors, audit and supervisory committee members and executive officers of the Company and all its subsidiaries.