Enhancing Transparency in Officer Nomination and Compensation Procedures through the Nomination and Compensation Committee
First written in FY2019. 1 of 3 entries say "Advanced", first in FY2020. Latest entry: FY2022.
73 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「For the current fiscal year, director remuneration and other compensation was discussed and resolved by the Board of Directors following prior deliberation by the Nomination and Compensation Committee.」
The Nomination and Compensation Committee continues to conduct prior deliberation on executive remuneration before resolutions by the Board of Directors. - FY2020AdvancedAnnual report
「At a meeting of the Nomination and Compensation Committee held on 8 May 2019, the Company deliberated on determining director remuneration and paying director bonuses. At a Board of Directors meeting held on 27 June of the same year, it resolved on determining director remuneration and allocating director bonuses.」
The Nomination and Compensation Committee went beyond describing its establishment policy, deliberated specifically on remuneration amounts and bonuses, and led to resolutions by the Board of Directors. - FY2019First statedAnnual report
「To strengthen the Board of Directors' oversight function by making procedures for deciding director appointments and remuneration more transparent and objective, the Company has established under the Board of Directors a Nomination and Compensation Committee to deliberate on director appointments and remuneration. The committee is chaired by Representative Director and President Okada Shuichi (岡田 秀一), and Outside Directors Kojima Akira (小島 明) and Ito Tetsuo (伊藤 鉄男) serve as members.」
For the first time, the Company has described the establishment of the Nomination and Compensation Committee pursuant to a resolution of the Board of Directors held on 29 March 2019 as a measure to make decisions on appointments and remuneration more transparent and objective.