Ensuring Objectivity and Transparency in Officer Nomination and Remuneration Decisions through the Nomination and Remuneration Advisory Committee
First written in FY2021. 2 of 5 entries say "Advanced", first in FY2022. Latest entry: FY2026.
71 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「During the fiscal year, the committee deliberated on and submitted recommendations regarding proposals for the election and dismissal of directors, excluding directors who are Audit and Supervisory Committee members, and proposals for their compensation.」
The operation under which the Nomination and Compensation Advisory Committee deliberates on and submits recommendations regarding proposals for the election and dismissal of directors and director compensation has been reconfirmed. All committee members attended 2 of 2 meetings. - FY2025RestatedAnnual report
「During the fiscal year, the committee deliberated on and submitted recommendations regarding proposals for the election and dismissal of directors, excluding directors who are Audit and Supervisory Committee members, and proposals for their compensation.」
The operation under which the Nomination and Compensation Advisory Committee deliberates on and submits recommendations regarding proposals for the election and dismissal of directors and director compensation has been reconfirmed. - FY2024AdvancedAnnual report
「During the fiscal year, the committee deliberated on and submitted recommendations regarding proposals for the election and dismissal of directors, excluding directors who are Audit and Supervisory Committee members, and proposals for their compensation.」
During the fiscal year, the Nomination and Compensation Advisory Committee deliberated on and submitted recommendations regarding proposals for the election and dismissal of directors and director compensation. All committee members attended 2 of 2 meetings. The committee structure and the arrangement under which an independent outside director serves as chair have also continued. - FY2022AdvancedAnnual report
「The Company will establish the Nomination and Compensation Advisory Committee as an advisory body to the Board of Directors. The committee will comprise 3 outside directors and 1 internal director, with outside directors constituting a majority, and the chair will be an independent outside director. The committee will deliberate on the nomination of directors and individual director compensation and other matters, thereby drawing on the knowledge and advice of outside directors, ensuring the objectivity and transparency of procedures for determining director nominations and individual director compensation and other matters, enhancing the Board of Directors’ oversight function, and further strengthening corporate governance.」
The operating details of the Nomination and Compensation Advisory Committee were specified, including its composition of 3 outside directors and 1 internal director, the appointment of an independent outside director as chair, and the securing of objectivity and transparency in nomination and compensation decisions. - FY2021First statedAnnual report
「On 10 November 2020, the Company established the Nomination and Compensation Advisory Committee. To enhance transparency and objectivity, compensation for directors who are not Audit and Supervisory Committee members is deliberated by the Nomination and Compensation Advisory Committee, with the decision entrusted to the Board of Directors. The committee consists of a majority of outside directors, and appropriately deliberates on the proposed allocation prepared by the Representative Director.」
On 10 November 2020, the Company established the Nomination and Compensation Advisory Committee and first explicitly described the system under which director compensation is deliberated by a committee composed of a majority of outside directors.