Ensuring Transparency in Director Appointments and Compensation through the Nomination and Compensation Advisory Committee
First written in FY2016. 2 of 4 entries say "Advanced", first in FY2017. Latest entry: FY2026-H1.
- FY2026-H1AdvancedAnnual report
「Executive bonuses are determined by adding an additional amount for achieving the consolidated pretax profit target for the fiscal year to the amount corresponding to a predetermined level of consolidated pretax profit, and are paid after the Ordinary General Meeting of Shareholders for the fiscal year.」
For performance-linked compensation, the method of calculating executive bonuses based on the level of consolidated pretax profit and achievement of the annual target has been finalized, making the compensation determination mechanism more concrete. - FY2018RestatedAnnual report
「The committee consists of 1 representative director, 1 full-time director, at least 1 outside director who is an independent officer, and 1 full-time outside audit & supervisory board member. The outside director serving on the committee becomes its chairperson.」
The composition of the Nomination and Compensation Advisory Committee, the outside director serving as chairperson, and the practice of respecting the committee's recommendations are reiterated. - FY2017AdvancedAnnual report
「The committee consists of 1 representative director, 1 full-time director, at least 1 outside director who is an independent officer, and 1 full-time outside audit & supervisory board member. The outside director serving on the committee becomes its chairperson.」
The operating structure of the Nomination and Compensation Advisory Committee is described in concrete terms, including its members and the outside director serving as chairperson. - FY2016First statedAnnual report
「The Company has established the Nomination and Compensation Advisory Committee as a voluntary advisory body to the Board of Directors, with the aim of ensuring the appropriateness and transparency of the candidate selection process for director appointment proposals submitted to the General Meeting of Shareholders, as well as Board resolutions concerning the allocation of individual director compensation and other matters.」
The establishment of a voluntary advisory body to ensure the appropriateness and transparency of director candidate selection and individual compensation is described for the first time.