Improving Procedural Transparency and Objectivity Through a Voluntary Nomination and Compensation Committee
First written in FY2023. 2 of 3 entries say "Advanced", first in FY2024. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The voluntary Nomination and Compensation Committee met twice during the fiscal year.」
The committee met twice during the fiscal year and considered the appointment of executive candidates, director compensation and the selection of its chair, making its activities more concrete. - FY2024AdvancedAnnual report
「During the fiscal year, the Nomination and Compensation Committee determined the policy for deciding the content of individual director compensation and prepared proposals regarding individual director compensation to be submitted to the Board of Directors at a meeting held on 12 May 2023.」
The committee disclosed actual activities, including determining the policy for director compensation and preparing individual compensation proposals. It consists of the Representative Director and President, 1 outside director and 2 outside audit and supervisory board members, for a total of 4 members. - FY2023First statedAnnual report
「By resolution of the Board of Directors on 19 January 2023, we established a voluntary Nomination and Compensation Committee, not required under the Companies Act, to deliberate on the appointment and dismissal of directors and executive compensation. We believe this will enhance the transparency and objectivity of procedures for nominating directors and determining individual executive compensation, further strengthen corporate governance and contribute to the sound development of the Group as a whole.」
A voluntary committee deliberating director nominations and compensation was established on 19 January 2023 to improve transparency and objectivity in decision-making procedures.