Governance structure
The existing compensation committee was reorganized into a voluntary Nomination and Compensation Committee. 2 of the 3 committee members are independent outside directors, and the committee chair is also an independent outside director.
| Item | Details |
|---|---|
| Committee | Nomination and Compensation Committee: independent outside directors comprise a majority of the members (2 of 3) |
| Changes this time | The existing compensation committee was reorganized into a voluntary Nomination and Compensation Committee. 2 of the 3 committee members are independent outside directors, and the committee chair is also an independent outside director. |
Items this document does not state (6)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To enhance the fairness, transparency and objectivity of decisions concerning executive appointments and executive compensation, and to further strengthen corporate governance.