Increasing transparency in the process for evaluating and determining directors’ appointments and compensation through the Nomination and Compensation Committee
First written in FY2023. 1 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2026.
88 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Nomination and Compensation Committee consists of 3 or more directors selected by resolution of the Board of Directors, with independent outside directors constituting a majority.」
The Company continued the Nomination and Compensation Committee, which held 7 meetings during the year to deliberate and submit recommendations on the appointment and dismissal of directors and executive officers, compensation and other matters. - FY2024AdvancedAnnual report
「Attendance during the fiscal year was as follows. Number of meetings attended (7 in total)」
The Nomination and Compensation Committee held 7 meetings during the year and progressed to the operational stage of deliberating and establishing executive officer rules, criteria for appointing and dismissing directors, internal rules for executive compensation and evaluation sheets. - FY2023First statedAnnual report
「We have established a Nomination and Compensation Committee as a voluntary advisory body to the Board of Directors in order to strengthen the independence, objectivity and accountability of the Board’s functions. The committee consists of 3 or more directors selected by resolution of the Board of Directors, with independent outside directors constituting a majority.」
The Company newly disclosed the Nomination and Compensation Committee as a governance body, setting out a structure of 3 or more members with a majority of independent outside directors, deliberation of evaluation criteria for directors and measures to ensure objectivity in the compensation determination process.