Ensuring Fairness and Transparency in Nomination and Compensation Procedures through the Governance Advisory Committee
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2020. Latest entry: FY2023.
Hazama Ando moved to the "Worse" side of this theme in 2023, 2 years before the typical company in this theme (2025).
7 other companies' latest entry also says "Reframed".
- FY2023ReframedAnnual report
「The Nomination and Compensation Committee is an advisory committee to the Board of Directors, chaired by an independent outside director with independent outside directors constituting a majority of its members. It deliberates and decides on the nomination of director candidates, the appointment of executive officers, and the compensation of the Company's directors and executive officers, excluding directors serving as Audit and Supervisory Committee members and outside directors, and submits its recommendations to the Board of Directors.」
Following the transition to a company with an Audit and Supervisory Committee, the former nomination and compensation procedures conducted by the Governance Advisory Committee have been reorganized under the Nomination and Compensation Committee. - FY2021AdvancedAnnual report
「The compensation policy is determined by resolution of the Board of Directors after deliberation and a recommendation by the Governance Advisory Committee, which is chaired by an independent outside director with independent outside directors constituting a majority of its members.」
The Company has formally established a process under which the Board of Directors determines the policy for executive compensation following deliberation and a recommendation by the Governance Advisory Committee, chaired by an independent outside director with independent outside directors constituting a majority of its members. - FY2020AdvancedAnnual report
「For all compensation, within the total amount approved by the General Meeting of Shareholders, the Governance Advisory Committee, chaired by an independent outside director with independent outside directors constituting a majority of its members, deliberates and makes decisions before submitting its recommendations to the Board of Directors, which then deliberates and makes the final decisions.」
The Governance Advisory Committee, chaired by an independent outside director and with independent outside directors constituting a majority of its members, is incorporated into the actual deliberation and decision-making process for executive compensation. - FY2019First statedAnnual report
「On 27 June 2019, the Company established the Governance Advisory Committee as an advisory body to the Board of Directors, in order to ensure the fairness, transparency, and objectivity of Board decisions concerning the nomination and compensation of directors and executive officers.」
The Company established the Governance Advisory Committee, an advisory body to the Board of Directors, on 27 June 2019 to oversee the nomination and compensation of directors and executive officers.