Nomination and Compensation Committees Centered on Independent Outside Directors
First written in FY2016. 1 of 2 entries say "Reframed", first in FY2020. Latest entry: FY2020.
Seven & i Holdings moved to the "Worse" side of this theme in 2020, 4 years before the typical company in this theme (2024).
The whole theme swung hardest in 2025: 9 of 89 companies on the "Worse" side.
5 other companies' latest entry also says "Reframed".
- FY2020ReframedAnnual report
「Following the Annual General Meeting of Shareholders in May 2020, the Company decided to separate the Nomination and Compensation Committee into a Nomination Committee and a Compensation Committee, in order to make greater use of the knowledge and other expertise of a more diverse group of outside officers in committee deliberations and further improve objectivity and transparency. The chair and a majority of the members of each committee are independent outside directors, and the members of the Compensation Committee are selected from directors other than representative directors.」
The previous Nomination and Compensation Committee was changed to a structure comprising separate Nomination and Compensation Committees. The Company also specified that independent outside directors would constitute a majority of each committee. - FY2016First statedAnnual report
「The Company has established a Nomination and Compensation Committee, chaired by an independent outside director, as an advisory body to the Board of Directors. The committee deliberates on the nomination and compensation of representative directors, directors, corporate auditors and executive officers, drawing on the knowledge and advice of outside officers, ensuring the objectivity and transparency of procedures for determining such nominations and compensation, enhancing the Board of Directors' oversight function, and further strengthening corporate governance.」
The Company explained the establishment of a committee to enhance the objectivity and transparency of nomination and compensation decisions.