Executive Compensation System Based on Fixed Compensation and Performance-Based Bonuses
First written in FY2018. 1 of 3 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2023: 2 of 14 companies on the "Worse" side.
6 other companies' latest entry also says "Advanced".
- FY2022AdvancedAnnual report
「Compensation for directors, excluding directors who are Audit and Supervisory Committee members, consists of fixed compensation not linked to operating performance and bonuses that vary according to the degree of achievement of performance targets. The level of fixed compensation is determined by taking into account the Company's performance and employee wage levels, with reference to compensation levels at other domestic companies in the same industry and of a similar size. Individual fixed compensation and bonuses are determined by taking into account each person's abilities, contribution and expected performance. Compensation for Audit and Supervisory Committee members consists of fixed compensation not linked to operating performance.」
The system of fixed compensation and performance-linked bonuses was detailed to include compensation for Audit and Supervisory Committee members, individual decision-making factors, and the recommendations of the Nomination and Compensation Advisory Committee. - FY2019RestatedAnnual report
「Executive compensation consists of fixed compensation not linked to operating performance and bonuses that vary according to the degree of achievement of performance targets. The level of fixed compensation is determined by taking into account the Company's performance and employee wage levels, with reference to compensation levels at other domestic companies in the same industry and of a similar size.」
The policy of executive compensation consisting of fixed compensation and bonuses linked to the achievement of performance targets continued to be described. - FY2018First statedAnnual report
「Executive compensation consists of fixed compensation not linked to operating performance and bonuses that vary according to the degree of achievement of performance targets. The levels of fixed compensation and bonuses are determined by taking into account the Company's performance and employee wage levels, with reference to compensation levels at other domestic companies in the same industry and of a similar size.」
The policy of structuring executive compensation as fixed compensation and bonuses that vary according to the achievement of performance targets was described for the first time.