Improving transparency in director appointment, dismissal and compensation through the Nomination and Compensation Committee
First written in FY2022. 1 of 2 entries say "Advanced", first in FY2023. Latest entry: FY2023.
- FY2023AdvancedAnnual report
「As of the filing date, the Nomination and Compensation Committee consists of 2 independent outside directors who are Audit and Supervisory Committee members and 1 internal director. The committee deliberates on matters referred to it by the Board of Directors, including the appointment and dismissal of directors and the terms of directors' compensation, and submits recommendations to the Board.」
The company provides specific details on the voluntary Nomination and Compensation Committee, including its composition of 2 independent outside directors and 1 internal director, and its functions of deliberating on and making recommendations concerning the appointment and dismissal of directors, compensation and other matters. - FY2022First statedAnnual report
「The company has established a voluntary Nomination and Compensation Committee to strengthen the Board of Directors' supervisory function and enhance the corporate governance system by ensuring transparency and objectivity in the evaluation and decision-making processes concerning the nomination and compensation of directors.」
The company newly disclosed a framework under which a voluntary Nomination and Compensation Committee, consisting of 2 independent outside directors and 1 internal director, deliberates on the appointment and dismissal of directors, succession planning and compensation, and submits recommendations to the Board of Directors.