Establishment of a Compensation Committee and Development of an Executive Compensation Policy
First written in FY2020. 2 of 3 entries say "Restated". Latest entry: FY2022.
- FY2022RestatedAnnual report
「The policy concerning the determination of the amount of compensation and other benefits for the company's directors and the method of calculating such amounts was established as follows at a Board of Directors meeting held on 21 August 2020. Based on the compensation policy, the company also decided to establish, and established on the same date, a compensation committee as a voluntary advisory body that recommends to the Board of Directors an appropriate compensation structure and compensation amounts.」
The company continues to operate the compensation committee and the fixed compensation policy, which takes into account corporate growth, increases in corporate value and fairness based on responsibilities. - FY2021RestatedAnnual report
「The policy concerning the determination of the amount of compensation and other benefits for the company's directors and the method of calculating such amounts was established as follows at a Board of Directors meeting held on 21 August 2020. Based on the compensation policy, the company also decided to establish, and established on the same date, a compensation committee as a voluntary advisory body that recommends to the Board of Directors an appropriate compensation structure and compensation amounts.」
The company continues to operate the compensation committee and the compensation policy, which takes into account fixed compensation, corporate growth, increases in corporate value and fairness based on responsibilities. - FY2020First statedAnnual report
「The company decided to establish, and established on the same date, a compensation committee as a voluntary advisory body that recommends to the Board of Directors an appropriate compensation structure and compensation amounts based on the compensation policy. The committee consists of 3 or more members, more than half of whom are outside directors and outside corporate auditors, and its chair is an independent outside director.」
On 21 August 2020, the company established a compensation committee with a majority of independent officers, and developed a compensation structure comprising fixed compensation and bonuses, along with a compensation policy reflecting corporate growth and increases in corporate value.