Improving the objectivity and transparency of executive compensation decisions through a voluntary compensation committee
First written in FY2020. 1 of 3 entries say "Reframed", first in FY2022-Q3. Latest entry: FY2022.
79 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「On 17 December 2021, the Company added roles concerning the appointment and dismissal of officers to the Compensation Committee and converted it into the Nomination and Compensation Committee.」
The Company has established a system under which the Compensation Committee operates as the Nomination and Compensation Committee after taking on roles concerning the appointment and dismissal of officers. - FY2022-Q3ReframedAnnual report
「At a Board of Directors meeting on 17 December, the Company resolved to newly establish the “Nomination and Compensation Committee” to further enhance the corporate governance system by ensuring fairness, transparency and objectivity in procedures concerning the nomination and compensation of officers. The Nomination and Compensation Committee adds roles concerning the appointment and dismissal of officers to the Compensation Committee, which had been established as a voluntary advisory body to the Board of Directors.」
The Company expanded the functions of the existing voluntary Compensation Committee by adding roles concerning the appointment and dismissal of officers and converting it into the Nomination and Compensation Committee. - FY2020First statedAnnual report
「On 1 April 2020, the Company established a voluntary Compensation Committee as an advisory body to the Board of Directors, with independent outside directors comprising a majority of its members, to strengthen the supervisory function and further enhance the corporate governance system by conducting the evaluation and determination of executive compensation under more objective and transparent procedures.」
Effective 1 April 2020, the Company established a voluntary Compensation Committee with independent outside directors comprising a majority of its members.