Criteria for Appointing Independent Outside Directors
First written in FY2019. 1 of 2 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2023: 2 of 19 companies on the "Worse" side.
35 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The Company appoints independent outside directors based on the independence criteria established by the Tokyo Stock Exchange, as well as applicable laws and regulations and the Japan Association of Corporate Directors' published Criteria for the Appointment of Independent Directors in Board Regulations, to ensure that they have a high degree of independence and are not likely to have conflicts of interest with general shareholders.」
The policy for appointing independent outside directors based on the Tokyo Stock Exchange criteria, applicable laws and regulations, and the Japan Association of Corporate Directors' criteria continues. - FY2019First statedAnnual report
「The Company appoints independent outside directors based on the independence criteria established by the Tokyo Stock Exchange, as well as applicable laws and regulations and the Japan Association of Corporate Directors' published Criteria for the Appointment of Independent Directors in Board Regulations, to ensure that they have a high degree of independence and are not likely to have conflicts of interest with general shareholders.」
For independent outside directors, the Company has disclosed in detail for the first time its policy of applying criteria, in addition to those of the Tokyo Stock Exchange, including payments of 2% or more in determining major business partners and, for the past 3 fiscal years, donations and similar contributions of ¥10 million per year or 30% of the organisation's average annual total expenses.