Enhancing Transparency in Executive Compensation Decisions through a Voluntary Compensation Committee
First written in FY2019. 2 of 4 entries say "Advanced", first in FY2021. Latest entry: FY2022.
- FY2022AdvancedAnnual report
「For the nomination of directors, including succession planning, and the determination of compensation, the Company has established voluntary Nomination and Compensation Committees to obtain appropriate involvement and advice from independent outside directors. Both committees consist of 4 members: outside director and chair Date Yusuke (伊達雄介), outside director Takizawa Akihisa (滝澤明久), Representative Director and President Isaka Satoshi (猪坂哲), and Managing Director Furuhata Naoki (古畑直樹).」
In addition to the existing Compensation Committee, the Company established a voluntary Nomination Committee, making both committees 4-member bodies consisting of 2 outside directors and 2 inside directors. - FY2021AdvancedAnnual report
「At a Board of Directors meeting held on 26 February 2021, the Company adopted a policy governing the content of individual compensation and other remuneration for directors. Before the resolution was adopted, the Board of Directors consulted the Compensation Committee on the proposed resolution and received its recommendation.」
The Board of Directors adopted the policy for determining individual compensation following consultation with, and receipt of a recommendation from, the voluntary Compensation Committee. - FY2020RestatedAnnual report
「The Compensation Committee consists of 3 members: 1 outside director serving as chair and 2 inside directors. It considers matters in a balanced manner, taking into account the Company’s performance, economic conditions and other factors, and submits its findings to the Board of Directors for consideration.」
The Company continues to ensure transparency in executive compensation decisions through a voluntary Compensation Committee consisting of 1 outside director and 2 inside directors. - FY2019First statedAnnual report
「The Company has established a Compensation Committee, a voluntary advisory committee to the Board of Directors, with the aim of further strengthening its corporate governance framework through fair and highly transparent procedures. The Compensation Committee consists of 3 members: 1 outside director serving as chair and 2 inside directors. It considers matters in a balanced manner, taking into account the Company’s performance, economic conditions and other factors, and submits its findings to the Board of Directors for consideration.」
The Company has established a voluntary Compensation Committee consisting of 1 outside director and 2 inside directors, for a total of 3 members, which submits its review of executive compensation to the Board of Directors.