Enhancing Fairness and Transparency in Director Nominations and Compensation Through the Nomination and Compensation Committee
First written in FY2022. 2 of 4 entries say "Advanced", first in FY2024. Latest entry: FY2026.
80 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Nominating and Compensation Committee generally meets 4 times a year and, in response to consultations from the Board of Directors, deliberates on important matters relating to the appointment and dismissal and remuneration of directors, succession plans and other matters before making recommendations to the Board. It consists of 4 independent outside directors and 2 internal directors. Independent outside directors constitute a majority, and the committee chair is selected from among the outside directors, thereby enhancing the committee's independence and objectivity.」
The company explicitly disclosed that the committee meets 4 times a year, deliberates on succession plans, and is chaired by an outside director. It also stated that the committee's composition is scheduled to change after the shareholders meeting to include 3 internal directors. - FY2024AdvancedAnnual report
「The Nominating and Compensation Committee generally meets 3 times a year and, in response to consultations from the Board of Directors, deliberates on important matters relating to the appointment and dismissal and remuneration of directors before making recommendations to the Board. It consists of 4 independent outside directors and 2 internal directors. Independent outside directors constitute a majority, thereby enhancing the committee's independence and objectivity.」
The Nominating and Compensation Committee changed from 3 independent outside directors and 2 internal directors to 4 independent outside directors and 2 internal directors, and met 4 times during the fiscal year. - FY2023RestatedAnnual report
「To strengthen the fairness, transparency and objectivity of procedures relating to the nomination and remuneration of directors and enhance corporate governance, the company has established a voluntary Nominating and Compensation Committee as an advisory body to the Board of Directors. The committee generally meets 3 times a year and, in response to consultations from the Board of Directors, deliberates on important matters relating to the appointment and dismissal and remuneration of directors before making recommendations to the Board.」
The company has reconfirmed that its voluntary Nominating and Compensation Committee meets 3 times a year and deliberates on and makes recommendations regarding the appointment and dismissal and remuneration of directors and other matters. - FY2022First statedAnnual report
「To strengthen the fairness, transparency and objectivity of procedures relating to the nomination and remuneration of directors and enhance corporate governance, the company has established a voluntary Nominating and Compensation Committee as an advisory body to the Board of Directors. The committee generally meets 3 times a year and, in response to consultations from the Board of Directors, deliberates on important matters relating to the appointment and dismissal and remuneration of directors before making recommendations to the Board. It consists of 3 independent outside directors and 2 internal directors. Independent outside directors constitute a majority, thereby enhancing the committee's independence and objectivity.」
The company has, for the first time, disclosed the operation of a voluntary Nominating and Compensation Committee to deliberate on the appointment and dismissal and remuneration of directors, including 3 meetings per year, a 5-member composition with 3 independent outside directors, and a majority of outside directors.