Ensuring Objectivity in Nomination and Compensation Procedures through a Management Advisory Committee
First written in FY2019. 4 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The Company held the Management Advisory Committee 2 times during the fiscal year, and the attendance of each committee member is as follows.」
The Management Advisory Committee increased its meetings from 1 in the previous fiscal year to 2, and continued to review monetary compensation, restricted stock compensation and director candidates. - FY2025Fewer meetings, while compensation reviews continueAnnual report
「The Company held the Management Advisory Committee 1 time during the fiscal year, and the attendance of each committee member is as follows. The committee specifically deliberated on monetary compensation, restricted stock compensation and other matters.」
The Management Advisory Committee met 1 time, down from 2 times in the previous fiscal year, but continued to review monetary compensation and restricted stock compensation. - FY2024AdvancedAnnual report
「The Company held the Management Advisory Committee 2 times during the fiscal year, and the attendance of each committee member is as follows. The committee specifically deliberated on the monetary compensation of outside directors and outside Audit & Supervisory Board members, performance-linked bonuses, restricted stock compensation, retirement bonuses and director candidates.」
The Management Advisory Committee met 2 times during the fiscal year, and the Company disclosed that it had moved into the operational phase of actually reviewing individual compensation items and director candidates. - FY2021AdvancedAnnual report
「Following deliberation by the Management Advisory Committee, the Board of Directors resolved at its meeting held on 19 February 2021 to adopt the “Policy for Determining the Details of Individual Directors’ Compensation and Other Remuneration.”」
The Board of Directors formally resolved the policy for determining director compensation, which requires consultation with the Management Advisory Committee. - FY2020AdvancedAnnual report
「The Company has also established a Management Advisory Committee as a voluntary committee. Its members are outside directors Nakanishi Yuichi (中西 祐一), Ishihara Takako (石原 多賀子) and Ikemoto Kotomi (池元 ことみ), outside Audit & Supervisory Board members Ts emura Shuji (杖村 修司) and Takai Kazuo (髙井 和男), and representative directors Takamatsu Kiyoshi (髙松 喜与志) and Takamatsu Soichiro (髙松 宗一郎). Takamatsu Soichiro (髙松 宗一郎), Representative Director and President, serves as chair. In addition to ensuring objectivity and transparency in procedures for deciding the nomination and compensation of officers, the committee makes recommendations to the Board of Directors on important agenda items.」
The composition of the Management Advisory Committee was updated, and its operation to ensure objectivity and transparency in nomination and compensation procedures was confirmed, with a structure including 3 outside directors and 2 outside Audit & Supervisory Board members. - FY2019First statedAnnual report
「The Company has also established a Management Advisory Committee as a voluntary committee. Its members are outside directors Nakanishi Yuichi (中西 祐一) and Ishihara Takako (石原 多賀子), outside Audit & Supervisory Board members Ts emura Shuji (杖村 修二) and Sakashita Seiji (坂下 清司), and representative directors Takamatsu Kiyoshi (髙松 喜与志) and Takamatsu Soichiro (髙松 宗一郎). Takamatsu Soichiro (髙松 宗一郎), Representative Director and President, serves as chair. In addition to ensuring objectivity and transparency in procedures for deciding the nomination and compensation of officers, the committee makes recommendations to the Board of Directors on important agenda items.」
The Company disclosed for the first time a framework involving a voluntary Management Advisory Committee, including outside directors and outside Audit & Supervisory Board members, to ensure objectivity and transparency in officer nomination and compensation.