Clarification of Selection Criteria for Independent Outside Directors
First written in FY2017. 4 of 5 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2023: 2 of 19 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「We select candidates for independent outside director positions who are unlikely to have conflicts of interest with general shareholders. In selecting candidates for independent outside director positions, in addition to the criteria established by the Tokyo Stock Exchange, we select candidates who meet the company's own criteria as set out below.」
The policy for selecting candidates under the company's own independence criteria, in addition to the Tokyo Stock Exchange's criteria, continues to apply. - FY2020RestatedAnnual report
「We select candidates for independent outside director positions who are unlikely to have conflicts of interest with general shareholders. In selecting candidates for independent outside director positions, in addition to the criteria established by the Tokyo Stock Exchange, we select candidates who meet the company's own criteria as set out below.」
The company's own independence criteria, in addition to the Tokyo Stock Exchange's criteria, continue to apply. - FY2019RestatedAnnual report
「We select candidates for independent outside director positions who are unlikely to have conflicts of interest with general shareholders. In selecting candidates for independent outside director positions, in addition to the criteria established by the Tokyo Stock Exchange, we select candidates who meet the company's own criteria as set out below.」
The policy for selecting candidates under the company's own independence criteria, in addition to the Tokyo Stock Exchange's criteria, continues to apply. - FY2018RestatedAnnual report
「We select candidates for independent outside director positions who are unlikely to have conflicts of interest with general shareholders. In selecting candidates for independent outside director positions, in addition to the criteria established by the Tokyo Stock Exchange, we select candidates who meet the company's own criteria as set out below.」
The policy for selecting candidates under the company's own independence criteria, in addition to the Tokyo Stock Exchange's criteria, is restated. - FY2017First statedAnnual report
「We select candidates for independent outside director positions who are unlikely to have conflicts of interest with general shareholders. In selecting candidates for independent outside director positions, in addition to the criteria established by the Tokyo Stock Exchange, we select candidates who meet the company's own criteria as set out below.」
In addition to the Tokyo Stock Exchange's criteria, the company sets out its own independence criteria, including relationships with major business partners, compensation, and relationships with audit firms and professional corporations.