Ensuring objectivity and transparency in executive compensation decisions through the Compensation Advisory Committee
First written in FY2019. 2 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 14 of 95 companies on the "Worse" side.
10 other companies' latest entry also says "Other".
- FY2025Compensation Review Committee Operations Made More SpecificAnnual report
「The Compensation Review Committee is scheduled to meet after the Ordinary General Meeting of Shareholders under authority delegated by the Board of Directors. During the fiscal year, it met twice in total, including 1 extraordinary meeting.」
The company has specified that Outside Directors or the retained attorney constitute a majority of the compensation decision-making body, and disclosed that it met twice during the year, including meetings held after the Ordinary General Meeting and extraordinary meetings. - FY2024ReframedAnnual report
「To ensure procedural fairness and transparency, the Board of Directors has delegated authority to determine the specific details of the base compensation paid to each director to the Compensation Review Committee, whose members comprise 1 Representative Director, 1 Outside Director and 1 retained attorney.」
The composition of the compensation decision-making body is stated as 1 Representative Director, 1 Outside Director and 1 retained attorney, changed from the previous structure centered on Outside Directors. - FY2022RestatedAnnual report
「To ensure procedural fairness and transparency, the Board of Directors has delegated authority to determine the specific details of the base compensation paid to each director to the Compensation Review Committee, whose members comprise 1 Representative Director and 2 Outside Directors.」
The company continues to delegate compensation decisions to the Compensation Review Committee, comprising 1 Representative Director and 2 Outside Directors, thereby maintaining a system that ensures fairness and transparency. - FY2021RestatedAnnual report
「To ensure procedural fairness and transparency, the Board of Directors has delegated authority to determine the specific details of the base compensation paid to each director to the Compensation Review Committee, whose members comprise 1 Representative Director and 2 Outside Directors.」
The company continues to delegate compensation decisions to the Compensation Review Committee, comprising 1 Representative Director and 2 Outside Directors, thereby maintaining a system that ensures procedural fairness and transparency. - FY2019First statedAnnual report
「At a meeting of the board of directors held on 30 January 2019, we resolved to establish a Compensation Advisory Committee as an optional advisory body to the board, comprising the representative director and outside directors, in order to ensure objectivity and transparency in decisions on director compensation.」
Established a Compensation Advisory Committee in January 2019 comprising the representative director and 2 outside directors to ensure the objectivity and transparency of executive-compensation structures and levels, with independent directors holding a majority.