Substitution of the Nomination and Compensation Advisory Function by the Audit and Supervisory Committee
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 9 of 86 companies on the "Worse" side.
83 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Audit and Supervisory Committee, a majority of whose members are outside directors, exchanges views twice a year with the President and Representative Director as an alternative body on the appointment and other matters concerning directors, as well as compensation and other related matters.」
The company continues its alternative function whereby the Audit and Supervisory Committee, a majority of whose members are outside directors, exchanges views twice a year without establishing a voluntary Nomination and Compensation Advisory Committee. - FY2024First statedAnnual report
「Although the company has not established a voluntary Nomination and Compensation Advisory Committee for the nomination and compensation of directors, its Audit and Supervisory Committee, a majority of whose members are outside directors, exchanges views twice a year with the President and Representative Director as an alternative body on the appointment and other matters concerning directors, as well as compensation and other related matters.」
Without establishing a voluntary Nomination and Compensation Advisory Committee, the company has, for the first time, identified a framework in which the Audit and Supervisory Committee, a majority of whose members are outside directors, exchanges views twice a year with the President and Representative Director and performs an alternative advisory function regarding the appointment and compensation of directors.