Director Candidates, Compensation and Board Evaluations by the Nomination Committee and Evaluation Committee
First written in FY2018. 4 of 6 entries say "Advanced", first in FY2019. Latest entry: FY2025.
Kansai Paint moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 9 of 84 companies on the "Worse" side.
5 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「When the Board of Directors proposes director candidates to the Annual General Meeting of Shareholders, the decision is made after receiving recommendations based solely on deliberations by the 3 outside directors and 2 outside directors who are Audit and Supervisory Committee members on the voluntary Nominating and Compensation Committee, which consists of 1 representative director, 3 outside directors and 2 outside directors who are Audit and Supervisory Committee members and is chaired by an outside director.」
In connection with the transition to a company with an Audit and Supervisory Committee, reorganized the former Nominating Committee and Evaluation Committee into the Nominating and Compensation Committee, establishing a nomination and compensation deliberation framework centered on outside directors. - FY2024AdvancedAnnual report
「The decision is made after receiving recommendations based on deliberations by the Nominating Committee, which consists of 3 outside directors who are not Audit and Supervisory Committee members and 2 outside directors who are Audit and Supervisory Committee members and is chaired by an outside director who is not an Audit and Supervisory Committee member.」
In connection with the transition to a company with an Audit and Supervisory Committee, the Nominating Committee consists of 5 outside directors, maintaining its involvement in the selection of director candidates. - FY2023AdvancedAnnual report
「The decision is made after receiving recommendations based on deliberations by the Nominating Committee, which consists of 4 outside directors and 2 outside corporate auditors and is chaired by an outside director.」
The Nominating Committee increased its outside directors to 4 and established a specific framework for selecting director candidates and for compensation, performance evaluations and board evaluations by the Evaluation Committee. - FY2021AdvancedAnnual report
「The decision is made after receiving recommendations based on deliberations by the Nominating Committee, which consists of 3 outside directors and 2 outside corporate auditors and is chaired by an outside director.」
Established a process in which the Nominating Committee, consisting of 3 outside directors and 2 outside corporate auditors, makes recommendations on candidate selection. The Evaluation Committee also continues to evaluate the Board of Directors and performance and deliberate on compensation. - FY2019AdvancedAnnual report
「The Nominating Committee deliberates on director candidates to be proposed at the Annual General Meeting of Shareholders, after which the Board of Directors decides whether to propose them. The Evaluation Committee deliberates on the performance evaluations of directors and executive officers and executive compensation, evaluates the operation of the Board of Directors, and works to improve the Board’s effectiveness.」
Provided specific disclosure on the operation of the Nominating Committee and Evaluation Committee, including 3 outside directors and 2 outside corporate auditors, and their involvement in candidate selection, compensation and board evaluations. - FY2018First statedAnnual report
「Director candidates to be proposed at the Annual General Meeting of Shareholders are deliberated and resolved by the voluntary Nominating Committee, which consists of 2 outside directors and 2 outside corporate auditors and is chaired by an outside director, after which the Board of Directors decides whether to propose them. The company has also established the voluntary Evaluation Committee, which consists of 2 representative directors, 2 outside directors and 2 outside corporate auditors and is chaired by an outside director. The committee deliberates on the performance evaluations of directors and executive officers and executive compensation, and evaluates the operation of the Board of Directors.」
Disclosed a framework under which the Nominating Committee and Evaluation Committee, including outside officers, deliberate on director candidates, executive compensation and performance evaluations, and evaluate the operation of the Board of Directors.