Director Compensation Policy Aligned with Shareholder Interests and Compensation Committee
First written in FY2021. 1 of 4 entries say "Advanced", first in FY2022. Latest entry: FY2025.
The whole theme swung hardest in 2024: 8 of 45 companies on the "Worse" side.
10 other companies' latest entry also says "Other".
- FY2025Added a special adviser to the board of directors to the compensation committeeAnnual report
「As of the filing date, our compensation committee consists of 5 independent outside directors, the representative director and president, and a special adviser to the board of directors.」
While the compensation policy linked to shareholder interests and medium- to long-term corporate value continues, the special adviser to the board of directors is included in the composition of the compensation committee. - FY2024Change in the composition of the compensation committeeAnnual report
「As of the filing date, our compensation committee consists of 5 independent outside directors and the representative director and president. The compensation committee provides recommendations on proposed individual compensation amounts drafted by the representative director and president, who has been delegated authority by resolution of the Board of Directors.」
While the compensation policy linked to shareholder interests continues, the compensation committee is described as comprising 5 independent outside directors and the representative director and president. - FY2022AdvancedAnnual report
「As of the filing date, our compensation committee consists of 6 independent outside directors, the representative director and president, and the chair of the Board of Directors. The compensation committee provides recommendations on proposed individual compensation amounts drafted by the representative director and president, who has been delegated authority by resolution of the Board of Directors.」
The company provides specific details on the composition of the compensation committee, including independent outside directors, and its role in making recommendations on individual compensation proposals under a compensation policy linked to shareholder interests. - FY2021First statedAnnual report
「At a meeting of the Board of Directors held on 26 February 2021, we resolved a policy for determining the details of individual director compensation and other benefits. As a basic policy, director compensation will comprise a compensation structure linked to shareholder interests so that it functions fully as an incentive to achieve sustainable improvement in corporate value over both the short and medium to long term. In determining the compensation of individual directors, compensation will be set at an appropriate level based on their respective responsibilities to secure diverse and highly qualified personnel.」
The policy for determining individual director compensation has been formalized, describing its linkage to shareholder interests and medium- to long-term corporate value, fixed compensation and restricted stock compensation, and the process whereby the compensation committee provides recommendations.