Strengthening Transparency in Executive Nomination, Compensation and Succession Planning through the Nomination and Compensation Committee

「The Nomination and Compensation Committee met 5 times during the fiscal year. Its specific areas of consideration included promotions and compensation for Group executives, the composition of the Company’s Board of Directors, and succession plans for the chief executive officer and other executives, on which the committee exchanged views.」

「The committee was established to strengthen the independence, objectivity and accountability of the Board of Directors and further enhance the Company’s corporate governance by ensuring transparency and objectivity in the evaluation and decision-making processes relating to the nomination and compensation of directors and others. An outside director serves as chair.」