Director Compensation Procedures and Absence of a Compensation Policy
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2021: 4 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The company prepared a policy for determining the details of individual compensation and other benefits for directors, setting appropriate levels based on each director's responsibilities while taking into account the balance with employee salaries and compensation levels at companies of a similar size, and the Board of Directors approved the policy at its meeting held on 22 February 2021.」
The company continues to disclose the policy for determining individual compensation for directors approved in 2021. - FY2021ReframedAnnual report
「The company prepared a policy for determining the details of individual compensation and other benefits for directors, setting appropriate levels based on each director's responsibilities while taking into account the balance with employee salaries and compensation levels at companies of a similar size, and the Board of Directors approved the policy at its meeting held on 22 February 2021.」
The company changed from its previous year's disclosure that it had not established a policy for determining executive compensation to preparing a policy for determining individual compensation for directors and approving it through a resolution of the Board of Directors. - FY2020RestatedAnnual report
「The Company has not established a policy for determining the amount of director compensation or the method of calculating it.」
While continuing to disclose that it has not established a policy for determining executive compensation, the company explains its executive compensation rules and the procedures for determining compensation through consideration by the representative director and president, a resolution of the Board of Directors, or consultation among the Audit & Supervisory Board members. - FY2019First statedAnnual report
「The company has not established a policy concerning the amount of executive compensation or the method for calculating it.」
Although the company states that it has not established a policy for determining executive compensation, it has disclosed procedures under which compensation for directors is considered by the representative director and president and decided by the Board of Directors, while compensation for Audit & Supervisory Board members is decided through consultation among the Audit & Supervisory Board members.