Strengthening governance through the Nomination and Compensation Advisory Committee and the Outside Directors and Statutory Auditors Council
First written in FY2023. 1 of 2 entries say "Advanced", first in FY2026. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The Nomination and Compensation Advisory Committee met 7 times during the fiscal year, deliberating on the selection of candidates for directors and executive officers, the succession plan, and the structure of director compensation, including short- and medium- to long-term components.」
Governance enhancement through the Nomination and Compensation Advisory Committee and the Outside Directors and Statutory Auditors Council has moved into the implementation phase, with 7 committee meetings held during the year and concrete deliberations on succession planning and compensation structures. - FY2023First statedAnnual report
「The Nomination and Compensation Advisory Committee was established under the Board of Directors as a voluntary advisory body to further enhance the fairness, transparency and objectivity of procedures relating to the nomination and compensation of directors, audit & supervisory board members and others, and to strengthen the corporate governance system. A majority of its members are outside officers. The committee deliberates matters relating to the nomination and compensation of directors, audit & supervisory board members and others, and makes recommendations to the Board of Directors.」
The company has disclosed a voluntary committee to enhance the fairness, transparency and objectivity of nomination and compensation procedures, and an Outside Directors and Statutory Auditors Council that receives advice from outside officers, as new governance bodies.