Oversight and Compensation Transparency Through Outside Directors and the Group Compensation Committee
First written in FY2016. 11 of 27 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2026.
70 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The non-financial indicators used among the performance-linked indicators are the number of customers receiving sustainability support and reductions in Scope 1 and 2 emissions by the bank group, together weighted at 5%, and the employee engagement score, weighted at 5%.」
The performance-linked stock compensation plan incorporates the number of customers receiving sustainability support, Scope 1 and 2 emissions reductions, and employee engagement as non-financial indicators. - FY2026-H1AdvancedAnnual report
「The bank records the shares of the bank remaining in the trust as treasury shares under net assets at their carrying amount in the trust, excluding ancillary costs. The carrying amount and number of these treasury shares were ¥332 million and 1,165 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥361 million and 1,208 thousand shares, respectively, at the end of the interim consolidated accounting period.」
The performance-linked stock compensation plan for directors and other officers continued to operate, and shares held by the trust increased from 1,165 thousand shares to 1,208 thousand shares. - FY2025AdvancedAnnual report
「At a meeting of the board of directors held on 13 May 2025, the bank resolved to add executive officers to the eligible participants under the Plan.」
The bank decided to expand the scope of the executive compensation BIP trust from directors to executive officers. During the eligible period from fiscal 2023 to fiscal 2025, the bank has contributed ¥133 million and acquired 563,900 shares. - FY2025-H1Decrease in shares held in trustAnnual report
「The bank records the shares of the bank remaining in the trust as treasury shares under net assets at their carrying amount in the trust, excluding ancillary costs. The carrying amount and number of these treasury shares were ¥388 million and 1,364 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥332 million and 1,165 thousand shares, respectively, at the end of the interim consolidated accounting period.」
The executive compensation BIP trust plan continued, while shares held by the trust declined from 1,364 thousand shares at 31 March 2024 to 1,165 thousand shares at 30 September 2024. - FY2024-Q3RestatedAnnual report
「Under the Plan, shares of the bank are acquired through a trust using funds contributed by the bank. Based on share delivery rules established in advance by the bank, directors receive a certain number of points each year according to their position and achievement of performance targets, and upon retirement receive, through the trust, shares of the bank and cash equivalent to the proceeds from the sale of the shares corresponding to their accumulated points. ... The bank records the shares of the bank remaining in the trust as treasury shares under net assets at their carrying amount in the trust, excluding ancillary costs. The carrying amount and number of these treasury shares were ¥268 million and 955 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥388 million and 1,364 thousand shares, respectively, at the end of the third quarter of the consolidated accounting period.」
The bank continues to disclose the performance-linked stock compensation plan using the executive compensation BIP trust and the accounting treatment of the 1,364 thousand shares held by the trust. - FY2024-Q2Increase in Shares Held by the TrustAnnual report
「The carrying amount and number of these treasury shares were ¥268 million and 955 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥388 million and 1,364 thousand shares, respectively, at the end of the interim consolidated accounting period.」
As the performance-linked stock compensation plan using the executive compensation BIP trust continued, shares held by the trust increased from 955 thousand shares at the end of the previous fiscal year to 1,364 thousand shares. - FY2024-Q1Decrease in shares held in trustAnnual report
「The bank records the shares of the bank remaining in the trust as treasury shares under net assets at their carrying amount in the trust, excluding ancillary costs. The carrying amount and number of these treasury shares were ¥268 million and 955 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥246 million and 878 thousand shares, respectively, at the end of the first quarter of the consolidated accounting period.」
The executive compensation BIP trust plan continued. Shares held by the trust declined from 955 thousand shares at the end of the previous fiscal year to 878 thousand shares at the end of the first quarter. - FY2023AdvancedAnnual report
「The bank has appointed 4 outside directors to enhance management transparency. ... It has established a voluntary Nomination and Compensation Advisory Committee comprising a majority of independent outside officers.」
The bank continued to operate the Nomination and Compensation Advisory Committee, comprising 4 outside directors and a majority of independent outside officers. During the fiscal year, the committee met 3 times to consider executive candidates, including compensation, candidate development, and succession. - FY2023-Q2Decrease in shares held in trustAnnual report
「The carrying amount and number of these treasury shares were ¥323 million and 1,151 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥268 million and 955 thousand shares, respectively, at the end of the interim consolidated accounting period.」
The performance-linked stock compensation plan using the executive compensation BIP trust continued, but shares held by the trust declined from 1,151 thousand shares at 31 March 2022 to 955 thousand shares at 30 September 2022. - FY2023-Q1Decrease in shares held in trustAnnual report
「The carrying amount and number of these treasury shares were ¥323 million and 1,151 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥296 million and 1,053 thousand shares, respectively, at the end of the first quarter of the consolidated accounting period.」
The performance-linked stock compensation plan using the executive compensation BIP trust continued. Shares held by the trust declined from 1,151 thousand shares at the end of the previous fiscal year to 1,053 thousand shares at the end of the first quarter. - FY2022RestatedAnnual report
「We are working to establish a more effective corporate governance structure, including by establishing a voluntary Nomination and Compensation Advisory Committee comprising a majority of independent outside officers, and will review the structure promptly and appropriately to enhance it.」
The bank continues to operate a nomination and compensation oversight structure involving a committee in which independent outside officers, including 4 outside directors and 3 outside corporate auditors, form a majority. - FY2022-Q3RestatedAnnual report
「Under the Plan, shares of the bank are acquired through a trust using funds contributed by the bank. Based on share delivery rules established in advance by the bank, directors receive a certain number of points each year according to their position and achievement of performance targets, and upon retirement receive, through the trust, shares of the bank and cash equivalent to the proceeds from the sale of the shares corresponding to their accumulated points.」
The bank continues to disclose the performance-linked stock compensation plan using the executive compensation BIP trust. Shares held by the trust declined from 1,371 thousand shares at the end of the previous consolidated fiscal year to 1,151 thousand shares at the end of the third quarter. - FY2022-Q2Decrease in shares held in trustAnnual report
「Under the Plan, shares of the bank are acquired through a trust using funds contributed by the bank. Based on share delivery rules established in advance by the bank, directors receive a certain number of points each year according to their position and achievement of performance targets, and upon retirement receive, through the trust, shares of the bank and cash equivalent to the proceeds from the sale of the shares corresponding to their accumulated points.」
The executive compensation BIP trust plan continued. Shares held by the trust declined from 1,371 thousand shares with a carrying amount of ¥385 million at the end of the previous consolidated fiscal year to 1,151 thousand shares with a carrying amount of ¥323 million at the end of the interim period. - FY2022-Q1Decrease in shares held in trustAnnual report
「The carrying amount and number of these treasury shares were ¥385 million and 1,371 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥354 million and 1,261 thousand shares, respectively, at the end of the first quarter of the consolidated accounting period.」
The performance-linked stock compensation plan using the executive compensation BIP trust continued, but shares held by the trust declined from 1,371 thousand shares at the end of the previous fiscal year to 1,261 thousand shares at the end of the first quarter. - FY2021-Q3AdvancedAnnual report
「Under the Plan, shares of the bank are acquired through a trust using funds contributed by the bank. Based on share delivery rules established in advance by the bank, directors receive a certain number of points each year according to their position and achievement of performance targets, and upon retirement receive, through the trust, shares of the bank and cash equivalent to the proceeds from the sale of the shares corresponding to their accumulated points. ... The carrying amount and number of these treasury shares were ¥159 million and 413 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥385 million and 1,371 thousand shares, respectively, at the end of the third quarter of the consolidated accounting period.」
The performance-linked stock compensation plan using the executive compensation BIP trust continued to operate, and shares held by the trust increased from 413 thousand shares at the end of the previous fiscal year to 1,371 thousand shares at the end of the third quarter. - FY2021-Q2AdvancedAnnual report
「Under the Plan, shares of the bank are acquired through a trust using funds contributed by the bank. Based on share delivery rules established in advance by the bank, directors receive a certain number of points each year according to their position and achievement of performance targets, and upon retirement receive, through the trust, shares of the bank and cash equivalent to the proceeds from the sale of the shares corresponding to their accumulated points. ... The carrying amount and number of these treasury shares were ¥159 million and 413 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥385 million and 1,371 thousand shares, respectively, at the end of the interim consolidated accounting period.」
The performance-linked stock compensation plan using the executive compensation BIP trust continued to operate, and shares held by the trust increased from 413 thousand shares at the end of the previous fiscal year to 1,371 thousand shares at the end of the interim period. - FY2020AdvancedAnnual report
「The bank has appointed 4 outside directors to enhance management transparency. ... It has established a voluntary Nomination and Compensation Advisory Committee comprising a majority of independent outside officers.」
The bank specified a system for oversight and compensation decisions by the Nomination and Compensation Advisory Committee, in which independent outside officers, including 4 outside directors and 3 outside corporate auditors, form a majority. - FY2020-Q2RestatedAnnual report
「The bank records the shares of the bank remaining in the trust as treasury shares under net assets at their carrying amount in the trust, excluding ancillary costs. The carrying amount and number of these treasury shares were ¥184 million and 478 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥159 million and 413 thousand shares, respectively, at the end of the interim consolidated accounting period.」
The bank continues to disclose the purpose and structure of the performance-linked stock compensation plan using the executive compensation BIP trust. Shares held by the trust declined from 478 thousand shares at the end of the previous fiscal year to 413 thousand shares at the end of the interim period. - FY2020-Q1RestatedAnnual report
「The bank has introduced a performance-linked stock compensation plan using an executive compensation BIP trust for directors, excluding outside directors and non-residents of Japan, with the aim of clarifying the link between directors' compensation and the bank's performance and shareholder value and increasing their awareness of contributing to improved performance over the medium to long term and greater corporate value. The plan is referred to below as the “Plan.”」
The bank continues to disclose the purpose and structure of the performance-linked stock compensation plan using the executive compensation BIP trust. Shares held by the trust declined from 478 thousand shares with a carrying amount of ¥184 million at the end of the previous fiscal year to 446 thousand shares with a carrying amount of ¥172 million at the end of the first quarter. - FY2019ReframedAnnual report
「We are working to establish a more effective corporate governance structure, including by establishing a voluntary Nomination and Compensation Advisory Committee comprising a majority of independent outside officers, and will review the structure promptly and appropriately to enhance it.」
In November 2018, the former Group Compensation Committee was reorganized as the Nomination and Compensation Advisory Committee, expanding its remit into an oversight body for nominations and compensation comprising a majority of independent outside officers. - FY2019-Q3RestatedAnnual report
「From the second quarter of the consolidated accounting period, the bank introduced a performance-linked stock compensation plan using an executive compensation BIP trust for directors, excluding outside directors and non-residents of Japan, with the aim of clarifying the link between directors' compensation and the bank's performance and shareholder value and increasing their awareness of contributing to improved performance over the medium to long term and greater corporate value. The plan is referred to below as the “Plan.”」
The bank continues to disclose the purpose and operation of the performance-linked stock compensation plan using the executive compensation BIP trust introduced in the previous quarter. - FY2019-Q2AdvancedAnnual report
「The bank records the shares of the bank remaining in the trust as treasury shares under net assets at their carrying amount in the trust, excluding ancillary costs. At the end of the interim consolidated accounting period, the carrying amount of these treasury shares was ¥184 million and the number of shares was 478 thousand.」
The performance-linked stock compensation plan under the executive compensation BIP trust introduced in the previous fiscal year progressed to the stage of actual operation, with the trust acquiring 478 thousand shares and the bank recording a ¥35 million provision for stock benefits. - FY2018ReframedAnnual report
「We abolished the former stock-based stock option plan and introduced a new performance-linked stock compensation plan using a trust from fiscal 2018.」
The former stock option plan was abolished and replaced with performance-linked compensation under a BIP trust, under which shares and other compensation are delivered according to position and achievement of performance targets. - FY2018-Q2AdvancedAnnual report
「Fiscal 2017 stock options: eligible persons and number: 10 directors of the bank; number of stock options by class of shares (Note 1): common shares, 141,900 shares; grant date: 14 July 2017; exercise period: 15 July 2017 to 14 July 2047; exercise price (Note 2): ¥1」
Under the fiscal 2017 stock option plan, 141,900 common shares were granted to 10 directors. Specific operating results concerning compensation and oversight by outside directors and others were added. - FY2017AdvancedAnnual report
「Independent outside directors attend the Group Compensation Committee, the ALM Committee, and meetings for exchanging views on management strategy, among others, and participate in discussions on important decisions by the bank outside board meetings.」
The disclosure specified the involvement of 3 outside directors in the oversight and compensation committee, their participation in the ALM Committee and meetings for exchanging views on management strategy, and the criteria for determining independence. - FY2017-Q2AdvancedAnnual report
「Fiscal 2016 stock options: 11 directors of the bank; common shares: 224,100 shares; grant date: 15 July 2016; exercise period: 16 July 2016 to 15 July 2046; exercise price: ¥1」
Stock options covering 224,100 shares were granted to 11 directors. Specific information on the operation of director compensation was added. - FY2016First statedAnnual report
「We are working to establish a more effective corporate governance structure, including by establishing a voluntary Group Compensation Committee comprising representative directors and outside directors.」
The bank appointed 3 outside directors, and a committee comprising representative directors and outside directors discusses and determines individual compensation, including that of subsidiaries.