Establishment of the Nomination and Compensation Committees
First written in FY2022. 1 of 2 entries say "Reframed", first in FY2025. Latest entry: FY2025.
- FY2025Integration into the Nomination and Compensation CommitteeAnnual report
「To ensure the transparency and objectivity of the evaluation and decision-making processes relating to the nomination and compensation of directors, the company has established a voluntary Nomination and Compensation Committee as an advisory body to the Board of Directors. More than half of its members are independent outside directors, and an independent outside director serves as chair.」
The institutional description was integrated from separate voluntary Nomination and Compensation Committees into a single “Nomination and Compensation Committee” responsible for both functions, and the committee's activities, including director selection, compensation and succession development, were disclosed. - FY2022First statedAnnual report
「To ensure the transparency and objectivity of the evaluation and decision-making processes relating to the nomination and compensation of directors, the company has established voluntary Nomination and Compensation Committees as advisory bodies to the Board of Directors. More than half of each committee's members are independent outside directors, and an independent outside director serves as chair.」
The company disclosed for the first time that it had established voluntary advisory committees, including independent outside directors, for decisions on director nominations and compensation.