Enhancing the objectivity of officer nomination and compensation procedures through the establishment of a Nomination and Compensation Committee
First written in FY2020. 3 of 5 entries say "Advanced", first in FY2021. Latest entry: 2026-07-07.
- 2026-07-07RestatedGovernance
「Nomination and Compensation Committee」
The Company reproduced its governance framework concerning the election, dismissal and compensation of directors, including the Nomination and Compensation Committee. - FY2025AdvancedAnnual report
「During the fiscal year, the committee focused in the nomination area on formulating and reviewing development plans for the next president, directors and executive officers, and in the compensation area on monitoring the compensation system and reviewing the operation and evaluation of performance-linked compensation and other remuneration, including executive bonuses.」
The Nomination and Compensation Committee met 9 times and deliberated on development plans for successors, directors and executive officers and the evaluation and operation of performance-linked compensation. The chair became an independent outside director in July 2024. - FY2023AdvancedAnnual report
「During the fiscal year, the committee focused in the nomination area on formulating and reviewing development plans for the next president, directors and executive officers, and in the compensation area on monitoring the compensation system and reviewing the operation and evaluation of performance-linked compensation and other remuneration, including executive bonuses.」
The Nomination and Compensation Committee met 9 times during the fiscal year and deliberated on and reviewed succession and executive development plans and the evaluation and operation of performance-linked compensation. - FY2021AdvancedAnnual report
「At a meeting of the Board of Directors held on 29 January 2021, the Company passed a resolution on its policy for determining the details of individual compensation and other remuneration for directors, excluding directors who are Audit and Supervisory Committee members. The same applies below unless otherwise stated.」
Based on the basic policy deliberated and confirmed by the Nomination and Compensation Committee, the Board of Directors passed a resolution on the policy for determining individual director compensation. It also indicated a guideline of 80% base compensation and 20% performance-linked share-based compensation. - FY2020First statedAnnual report
「In December 2019, the Company established a Nomination and Compensation Committee as a voluntary advisory body to the Board of Directors, with the aim of further strengthening its corporate governance structure by enhancing the objectivity and transparency of procedures for deciding on director nominations and compensation. The committee consists of at least 3 directors or outside experts appointed by resolution of the Board of Directors. A majority of its members are independent outside directors, and the chair is appointed by resolution of the Board of Directors.」
The Nomination and Compensation Committee was established in December 2019, with requirements that it comprise at least 3 members and that independent outside directors constitute a majority.