Director Compensation Policy Based on Fixed and Performance-Linked Compensation
First written in FY2021. 1 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2023: 2 of 14 companies on the "Worse" side.
6 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「なお、in April 2024, the company established a Nomination and Compensation Committee as a voluntary advisory body to the Board of Directors. Decisions on the policy for determining executive compensation and on compensation amounts actually paid are deliberated by the Nomination and Compensation Committee and determined by resolution of the Board of Directors based on the committee's recommendations.」
In addition to the compensation policy consisting of fixed and performance-linked compensation, a procedure was introduced under which the Nomination and Compensation Committee deliberates the matter and the Board of Directors makes the decision. No performance-linked compensation was paid during the fiscal year either. - FY2023RestatedAnnual report
「The details of the payment criteria and other matters for performance-linked compensation (bonuses) have not been determined, and no such compensation was paid during the fiscal year.」
Although the company has adopted a policy consisting of fixed and performance-linked compensation, performance-linked compensation remains unpaid. - FY2022No performance-linked compensation was paid during the fiscal year.Annual report
「The details of the payment criteria and other matters for performance-linked compensation (bonuses) have not been determined, and no such compensation was paid during the fiscal year.」
Although the company has adopted a compensation policy consisting of fixed and performance-linked compensation, the payment criteria have not been determined, and no performance-linked compensation was paid during the fiscal year. - FY2021First statedAnnual report
「The basic policy is to establish a director compensation structure that contributes to the sustainable enhancement of corporate value and to set appropriate compensation levels for individual directors in light of their respective responsibilities. Specifically, compensation for executive directors consists of basic compensation as fixed compensation and performance-linked compensation (bonuses), while non-executive directors responsible for audit functions, outside directors and directors who are Audit and Supervisory Committee members receive only basic compensation in light of their duties.」
The company disclosed for the first time a policy under which executive directors receive fixed and performance-linked compensation, while directors serving audit or outside roles receive only basic compensation, within a compensation structure that contributes to the sustainable enhancement of corporate value.