Ensuring objectivity and transparency in director compensation decisions through the Compensation Committee
First written in FY2020. 2 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2025.
The whole theme swung hardest in 2022: 13 of 92 companies on the "Worse" side.
65 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「During the fiscal year ending August 2025, the compensation committee met 3 times with all members present. It deliberated on and determined individual compensation and other benefits for directors who are not Audit and Supervisory Committee members for fiscal 2025, revised in December 2024, based on the delegation resolution adopted at the Board of Directors meeting held on 28 November 2024.」
The compensation committee met 3 times to deliberate and decide on individual compensation and other benefits and discuss the method for calculating compensation for the following fiscal year. - FY2021AdvancedAnnual report
「At a meeting of the Board of Directors held on 26 February 2021, the company resolved its policy on determining the details of individual compensation and other benefits for directors.」
The Board of Directors resolved the director compensation policy, and the company operated a 3-member compensation committee with a majority of independent outside directors 3 times during the fiscal year. - FY2020First statedAnnual report
「To ensure the objectivity and transparency of procedures for determining compensation for directors who are not Audit and Supervisory Committee members, improve the Board of Directors' oversight function and further strengthen the corporate governance system, the company has established a compensation committee as an advisory body to the Board of Directors. The committee consists of 3 members, a majority of whom are independent outside directors who are Audit and Supervisory Committee members.」
The company explicitly described a system in which a 3-member compensation committee, a majority of whose members are independent outside directors, deliberates and decides on the policy for director compensation, the method of determining it and individual compensation.