Directors and officers liability insurance
Aekyung Chemical has subscribed to a directors and officers liability insurance that compensates for damages of the company and the members of the board of directors upon receiving claims for damage compensation on grounds of wrongful act pursuant to work regulation prescribed in column F63:F64 for any actions carried out within their qualifications by the members of the board of directors.
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1. Covers
A. Insured Person Protections |
1.1 Management Liability The insurer shall compensate for all damages for individual insured persons or as an agent for individual insured persons excluding the amount compensated by the company for the damages to the individual insured person, and compensate for all damages of the insured company or as an agent for the insured company regarding the obligation of compensation or compensation amount for the individual insured persons. |
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B. Company Insured Protections |
1.2 Company Securities The insurer shall compensate for damages incurred from claims for damage compensation related to marketable securities for the insured company.The attached compensation limit shall apply for this matter. 1.3 Company Employment Practices Breach The insurer shall compensate for damages caused by unfair employment practices suffered by the insured company. The attached compensation limit shall apply for this matter. |