Establishment of a Nomination and Compensation Committee
First written in FY2020. 1 of 3 entries say "Restated". Latest entry: FY2026.
- FY2026ReframedAnnual report
「The Nomination and Compensation Committee consists of 4 members, including 3 independent outside directors, with outside directors forming a majority. It considers matters relating to the nomination and compensation of directors and executive officers in response to consultations from the Board of Directors and submits recommendations to the Board, thereby seeking to improve the Board's independence and objectivity and strengthen its corporate governance functions.」
The Nomination and Compensation Committee continues to perform its functions, but its disclosed composition changed from 5 members, including 3 independent outside directors, to 4 members. - FY2023RestatedAnnual report
「The Nomination and Compensation Committee consists of 5 members, including 3 independent outside directors, with outside directors forming a majority. It considers matters relating to the nomination and compensation of directors and executive officers in response to consultations from the Board of Directors and submits recommendations to the Board, thereby seeking to improve the Board's independence and objectivity and strengthen its corporate governance functions.」
The company continues to operate the 5-member Nomination and Compensation Committee, with outside directors forming a majority, and the committee met 2 times during the fiscal year. - FY2020First statedAnnual report
「The company established the Nomination and Compensation Committee, a voluntary committee serving as an advisory body to the Board of Directors, on 1 August 2019. The Nomination and Compensation Committee consists of 5 members, including 3 outside directors, with outside directors forming a majority. It considers matters relating to the nomination and compensation of directors and executive officers in response to consultations from the Board of Directors and submits recommendations to the Board, thereby seeking to improve the Board's independence and objectivity and strengthen its corporate governance functions.」
In August 2019, the company established a 5-member Nomination and Compensation Committee, with outside directors forming a majority, and introduced a framework under which the committee submits recommendations to the Board of Directors.