Process for determining Director compensation by the Compensation Committee
First written in FY2023. 1 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2025.
Colan Totte. moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2022: 14 of 100 companies on the "Worse" side.
9 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「To strengthen the fairness, transparency and objectivity of procedures relating to the nomination and compensation of Directors and enhance corporate governance, the Company has established a Nomination and Compensation Committee as a voluntary advisory body to the Board of Directors. The committee deliberates on the appointment and dismissal of Directors, policies for determining the compensation of Directors other than Directors who serve as Audit and Supervisory Committee Members, and individual compensation, before submitting its recommendations to the Board of Directors.」
The former Compensation Committee was renamed the Nomination and Compensation Committee, adding nomination functions including the selection of Director candidates. It met 4 times during the relevant fiscal year to deliberate on candidate selection, the skills matrix and individual compensation. - FY2024AdvancedAnnual report
「The Company held the Compensation Committee once during the current fiscal year. The attendance of each Compensation Committee member was as follows.」
The Company states that the Compensation Committee introduced in the previous fiscal year was held once during the current fiscal year to deliberate on individual Director compensation. - FY2023First statedAnnual report
「To strengthen the fairness, transparency and objectivity of procedures relating to Director compensation and enhance corporate governance, the Company has established a Compensation Committee as an advisory body to the Board of Directors. The committee formulates policies for determining Director compensation and deliberates on individual compensation for Directors before submitting its recommendations to the Board of Directors.」
The Company has disclosed for the first time, as a separate topic, its structure for establishing a Compensation Committee as an advisory body to the Board of Directors to deliberate on and recommend compensation policies and individual Director compensation.