Nomination and Compensation Committees and Executive Compensation Systems Linked to Shareholder Returns

「During the current fiscal year, the Company discussed the role and composition of the Board of Directors, the amount of directors’ compensation and its appropriateness, and made recommendations to the Board. It also considered a succession plan, meaning a plan for developing successors to directors and executive officers.」

「At a meeting of the Board of Directors held on 24 February 2021, the Company resolved its policy for determining the details of individual compensation and other remuneration for directors. Before the resolution, the proposed contents were submitted for consideration to the Nomination and Compensation Committee, which comprises an independent outside director as chair and at least half of its members as independent outside directors, and the Board received its report.」