Addressing Director Liability Risk Through Directors and Officers Liability Insurance
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2023.
- FY2023RestatedAnnual report
「The company has entered into a directors and officers liability insurance policy with an insurance company under Article 430-3, paragraph 1 of the Companies Act, under which damages, litigation costs and other losses incurred by insured persons as a result of claims for damages arising from acts, including omissions, carried out in the course of their duties as company officers will be covered.」
The company restated its policy of covering damages, litigation costs and other expenses under its directors and officers liability insurance policy. - FY2021First statedAnnual report
「The company has entered into a directors and officers liability insurance policy with an insurance company under Article 430-3, paragraph 1 of the Companies Act, under which damages, litigation costs and other losses incurred by insured persons as a result of claims for damages arising from acts, including omissions, carried out in the course of their duties as company officers will be covered.」
The company first disclosed the execution of a directors and officers liability insurance policy and coverage of damages, litigation costs and other expenses. Criminal acts and intentional unlawful acts are excluded from coverage.