Introduction of Criteria for Determining Executive Compensation, Including Performance-Based Increases and Decreases
First written in FY2019. 1 of 3 entries say "Advanced", first in FY2020. Latest entry: FY2022.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
35 other companies' latest entry also says "Other".
- FY2022No performance-based compensation addition accruedAnnual report
「As a result of the calculation under the above policy, there was no performance-based addition to compensation in the 85th term.」
The Company operated a performance-linked compensation system applying 7 evaluation ranks and addition and reduction ratios by position, but no performance-based compensation addition accrued in the 85th term. - FY2020AdvancedAnnual report
「The Company established 7 evaluation ranks based on the degree of achievement of performance and other targets, and set performance-based addition and reduction ratios by rank and position.」
For performance-linked compensation, the Company determined 7 evaluation ranks and addition and reduction ratios by position, and progressed to the stage of applying the system based on performance evaluations for the 84th term (from 1 April 2020 to 31 March 2021). - FY2019First statedAnnual report
「For directors other than outside directors, the Company will newly introduce a performance-based addition component from July 2020. It will set maximum addition ratios for each position and determine the addition ratio for each director based on the Company’s performance, the performance of the division and department in charge, and the director’s contribution to performance. … If the Company’s performance deteriorates significantly, a reduction ratio will be determined for each director.」
The Nomination and Compensation Advisory Committee and the Board of Directors resolved to introduce criteria for determining director compensation, including performance-based additions and reductions, from July 2020. The evaluation criteria were scheduled to be formulated by June 2020.