Ensuring Objectivity in Director Candidates and Compensation through the Nomination and Compensation Council
First written in FY2019. 1 of 2 entries say "Advanced", first in FY2026. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「We established the Nomination and Compensation Council, a voluntary committee equivalent to a nomination committee and compensation committee, comprising 2 representative directors and 5 independent outside directors, who constitute a majority. The chair is an independent outside director. The council deliberates on director candidates and compensation for each director other than directors who are Audit and Supervisory Committee members, and the Board of Directors adopts resolutions after ensuring fairness, objectivity and transparency.」
The council comprises 2 representative directors and 5 independent outside directors. Its remit expanded to discussions concerning successor candidates and development and placement plans in addition to director candidates and compensation. - FY2019First statedAnnual report
「In addition, we established a voluntary committee equivalent to a nomination committee and compensation committee, the Nomination and Compensation Council, comprising representative directors and outside directors. The council deliberates on the nomination of director candidates and the compensation of directors other than directors who are Audit and Supervisory Committee members. Resolutions are made by the Board of Directors after ensuring objectivity and transparency.」
The Bank disclosed a voluntary council comprising representative directors and outside directors to ensure objectivity and transparency in nominating director candidates and determining compensation.