Enhancing the Transparency and Objectivity of Executive Compensation Decisions Through a Compensation Committee
First written in FY2021. 2 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2023.
The whole theme swung hardest in 2022: 13 of 92 companies on the "Worse" side.
65 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「The Compensation Committee met once during the fiscal year」
The Company disclosed that the Compensation Committee met once during the fiscal year and that all 5 committee members attended. - FY2022AdvancedAnnual report
「During the fiscal year, at a meeting held on 14 July 2021, the Compensation Committee referred to the aggregated executive compensation results in HR Governance Leaders Co., Ltd.'s Nomination and Compensation Governance Survey as an external reference, and made a recommendation to the Board of Directors in accordance with the Policy for Determining the Details of Individual Compensation, etc. for Directors. At a Board meeting held on 15 July 2021, the Company resolved to delegate the determination of specific compensation details.」
The Compensation Committee introduced by the Company progressed to making recommendations based on external surveys, with the Board of Directors delegating the determination of specific individual compensation details. - FY2021First statedAnnual report
「To enhance the transparency and objectivity of the decision-making process for determining director compensation and further strengthen the corporate governance framework, the Company established a Compensation Committee on 14 May 2021 as a voluntary advisory body to the Board of Directors. The committee is required to comprise at least 3 directors or audit & supervisory board members, with at least half being independent outside directors or independent outside audit & supervisory board members. As of the filing date, it comprised 4 members.」
The Company established a Compensation Committee on 14 May 2021 and introduced a framework under which the committee deliberates on the basic policy and details of executive compensation and submits recommendations to the Board of Directors.