Establishment of a Nomination and Compensation Committee Including Outside Directors
First written in FY2020. 5 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The main topics deliberated during the current fiscal year were as follows: ・Transition to a company with an Audit & Supervisory Committee ・Selection of director candidates ・Confirmation of performance-achievement conditions for performance-linked and stock compensation for directors ・Details of a new performance-linked compensation system for directors」
The Nomination and Compensation Committee actually deliberated on the transition to a company with an Audit & Supervisory Committee, achievement conditions for performance-linked and stock compensation, and a new compensation system. - FY2023AdvancedAnnual report
「The main topics deliberated during the current fiscal year were as follows: ・Selection of director candidates ・Director compensation system (introduction of a performance-linked compensation system and revision of the stock compensation system) ・Skills matrix for directors and audit & supervisory board members」
In addition to selecting director candidates, the Nomination and Compensation Committee deliberated on the introduction of a performance-linked compensation system, revision of the stock compensation system, and the skills matrix for officers. The committee continued to operate with a majority of independent outside directors and an outside director as chair. - FY2021AdvancedAnnual report
「As an advisory body to the Board of Directors, the company has established a voluntary “Nomination and Compensation Committee” composed of 1 representative director and 2 outside directors, seeking to enhance the fairness, transparency, and objectivity of procedures concerning the nomination and compensation of directors. The committee is required to have a majority of independent outside directors, and its chair is selected by mutual election among the independent outside director members.」
The company clarified the operating structure of the Nomination and Compensation Committee established in April 2020: 1 representative director and 2 outside directors, a majority of outside directors, and an independent outside director as chair. - FY2020First statedAnnual report
「The company also established an “Executive Officer Committee,” composed of directors and executive officers responsible for business execution, to accelerate information sharing.」
In April 2020, the company established a voluntary nomination and compensation committee composed of 2 representative directors and 2 outside directors, and selected an outside director as chair. It introduced a mechanism to enhance the fairness, transparency, and objectivity of procedures for nominating and determining compensation for directors.