• Font Size：
  • S
  • M
  • L

Relevant Laws

Title：Company Act (2021.12.29)
Article 193-1     A company may obtain directors liability insurance with respect to liabilities resulting from exercising their duties during their terms of directorship.
    A company shall report the insured amount, coverage, premium rate, and other important contents of the directors liability insurance it has obtained or renewed for directors, at the most recent board meeting.
Article 196     The remuneration of directors, if not prescribed in the Articles of Incorporation, shall be determined by a meeting of shareholders and cannot be ratified by a meeting of shareholders.
    The provision set forth in Article 29, Paragraph 2 hereof shall apply mutatis mutandis to the directors of a company.