Recommendation by the Nomination and Compensation Committee on the Determination of Executive Compensation
First written in FY2022. 2 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2025.
The whole theme swung hardest in 2022: 13 of 92 companies on the "Worse" side.
65 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The Board of Directors resolved on executive bonuses by written resolution dated 15 January 2025. The Board of Directors consulted the Nomination and Compensation Committee, which consists of at least 3 directors, more than half of whom must be outside directors, on the compensation proposal. After the committee submitted its recommendations, the Board of Directors determined the following matters during the current fiscal year.」
Following consultation with and recommendations from the Nomination and Compensation Committee, the Board of Directors resolved on executive compensation in April 2024, restricted stock compensation in May 2024 and executive bonuses in January 2025. The company specifically disclosed how the compensation determination process was operated. - FY2023AdvancedAnnual report
「The Nomination and Compensation Committee consists of 3 members, including 2 outside directors and 1 internal director, and an outside director has been appointed as chair. From an independent position, the committee reviews important matters, including the nomination of director candidates and director compensation, in response to inquiries from the Board of Directors and submits recommendations based on the results.」
The company disclosed that the Nomination and Compensation Committee, established in December 2021, consists of 3 members, including 2 outside directors, that an outside director serves as chair, and that the committee recommends candidates for director and advises on compensation. - FY2022First statedAnnual report
「The company established the Nomination and Compensation Committee on 8 December 2021. During the current fiscal year, the company's Board of Directors resolved at its meeting held on 22 April 2021 to delegate to the Representative Director and President the authority to determine the amount of cash compensation, and determined the amount of restricted stock compensation by a resolution of the Board of Directors dated 14 May 2021.」
The Nomination and Compensation Committee was established on 8 December 2021, introducing a system under which the Board of Directors determines the executive compensation policy based on the committee's recommendations on draft proposals.