Strengthening the Objectivity of Selection and Compensation Decisions Through the Nomination and Compensation Committee
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2024.
Phil Company moved to the "Worse" side of this theme in 2025, the same year as the typical company in this theme.
6 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「As independent outside directors constitute a majority of the Board of Directors, the Company resolved at a Board of Directors meeting held in February 2024 to abolish the Nomination and Compensation Committee.」
After holding 1 meeting of the Nomination and Compensation Committee during the year, the company abolished the committee because independent outside directors had become a majority and reorganized the appointment and compensation decision-making framework under the Board of Directors. - FY2023AdvancedAnnual report
「During the fiscal year under review, the company held 7 meetings of the Nomination and Compensation Committee.」
The company held 7 annual meetings of the Nomination and Compensation Committee, demonstrating that it operated to deliberate policies on the appointment and compensation of directors and executive officers, as well as the design of performance-linked compensation. - FY2021AdvancedAnnual report
「The committee consists of the representative director and president and 2 outside directors. Outside Director Otsu Takeshi (大津武) serves as chair.」
The Nomination and Compensation Committee entered its post-establishment operating phase, comprising the representative director and president and 2 outside directors, with an outside director serving as chair. - FY2019First statedAnnual report
「At a meeting of the Board of Directors held on 4 February 2020, the company decided to establish the Nomination and Compensation Committee as a voluntary advisory body to the Board of Directors, creating a framework to enhance the fairness, objectivity and transparency of decision-making processes concerning the appointment and compensation of directors and other officers.」
The company established the Nomination and Compensation Committee as a voluntary advisory body to the Board of Directors and introduced a framework to enhance the fairness, objectivity and transparency of appointment and compensation decisions through a committee that includes outside directors.