Improving the objectivity and transparency of board functions through the Nomination and Compensation Advisory Committee
First written in FY2021. 2 of 4 entries say "Advanced", first in FY2022. Latest entry: FY2024.
73 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Attendance at meetings of the Nomination and Compensation Advisory Committee during the current fiscal year was as follows.」
The Nomination and Compensation Advisory Committee continued to operate, deliberating during the year on the nomination and compensation of candidates for director and executive officer positions. - FY2023AdvancedAnnual report
「We have established a voluntary Nomination and Compensation Advisory Committee and stipulated in our internal rules that it must consist of 3 or more members, with a majority being independent outside directors, thereby ensuring the committee's independence. Specifically, the committee discusses the performance evaluation and appointment and dismissal of senior management and the chief executive, as well as skill sets and the composition of the Board of Directors, and submits its views to the Board. Through these discussions, it has also begun deliberating on succession planning and the compensation of senior management.」
The committee's composition requirements were specified, and it began deliberating on the evaluation and appointment and dismissal of senior management, skills and Board composition, as well as succession planning and senior management compensation. - FY2022AdvancedAnnual report
「We believe that the representative director and president, who oversees business execution, is best suited to determine the details of individual directors' compensation. Based on the authority delegated by the Board of Directors, Murai Hiroyuki (村井 博之), Representative Director, President and Chief Executive Officer, determines the specific details while respecting the views of the Nomination and Compensation Advisory Committee.」
It was specifically disclosed that the Nomination and Compensation Advisory Committee, as an established body, is incorporated into the process for determining individual directors' compensation. - FY2021First statedAnnual report
「To strengthen the objectivity and transparency of the Board of Directors' functions concerning the nomination and compensation of directors and executive officers and further enhance corporate governance, we established the Nomination and Compensation Advisory Committee on 15 October 2020.」
On 15 October 2020, an advisory committee was established to deliberate on and make recommendations and reports to the Board of Directors concerning the nomination and compensation of directors and executive officers, succession planning and other matters.