Establishment of a Remuneration Committee with a Majority of Independent Outside Directors
First written in FY2022. 1 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2025.
The whole theme swung hardest in 2025: 9 of 89 companies on the "Worse" side.
87 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Since April 2022, we have maintained a compensation advisory committee as a body that deliberates on the structure and levels of executive compensation and advises the Board of Directors, with the aim of further strengthening the independence, objectivity and accountability of the Board's functions relating to director compensation and other matters.」
The advisory framework under which the compensation committee advises the Board of Directors to enhance independence, objectivity and accountability has been reconfirmed. - FY2023AdvancedAnnual report
「On 20 April 2022, we newly established a voluntary compensation committee, with a majority of its members being independent outside directors, to report and make recommendations to the Board of Directors. Subsequently, the voluntary compensation committee meeting held on 20 May 2022 recommended granting non-monetary compensation and other benefits to directors, and the revision of the policy for determining compensation was approved at the Board of Directors meeting held on 23 May 2022.」
Following establishment of the compensation committee with a majority of independent outside directors, the process advanced from recommendations on non-monetary compensation to revision of the compensation policy by the Board of Directors. - FY2022First statedAnnual report
「However, to further strengthen the independence, objectivity and accountability of the Board of Directors' functions relating to director compensation and other matters, on 20 April 2022 we established a compensation committee that reports and makes recommendations to the Board of Directors and has a majority of independent outside directors among its members.」
A compensation committee with a majority of independent outside directors was established to enhance the independence, objectivity and accountability of director compensation.