Determining Executive Compensation through the Nomination and Compensation Advisory Committee
First written in FY2017. 3 of 8 entries say "Restated". Latest entry: 2026-06-26.
The whole theme swung hardest in 2022: 13 of 92 companies on the "Worse" side.
64 other companies' latest entry also says "Restated".
- FY2026ReframedAnnual report
「The performance-linked points are based on consolidated ordinary income and the dividend on equity (DOE), the management targets under the Hokuden Group Management Vision 2035, as performance indicators, and are finalized according to the degree of achievement.」
The performance indicators for performance-linked share compensation were changed from the ¥23 billion consolidated ordinary income target under the former Management Vision 2030 to consolidated ordinary income and DOE under Management Vision 2035. - FY2022AdvancedAnnual report
「The performance-linked points are based on consolidated ordinary income as the performance indicator, with annual consolidated ordinary income of ¥23 billion, the profit target under the Hokuden Group Management Vision 2030, serving as the target value. Points are finalized according to the degree of achievement. No points are granted for the relevant fiscal year if the target is not achieved.」
For performance-linked share compensation, annual consolidated ordinary income of ¥23 billion was specified as the performance indicator and target value, with no points granted if the target is not achieved. - FY2022-Q2AdvancedAnnual report
「Pursuant to a resolution of the 97th Annual General Meeting of Shareholders held on 25 June 2021, the Company introduced a performance-linked share compensation plan, the Share Delivery Trust (BBT (Board Benefit Trust)) (the “Plan”), for the Company’s directors, excluding outside directors, and managing executive officers who do not concurrently serve as directors (collectively, “Directors and Others”).」
The Company introduced the BBT performance-linked share compensation plan based on a resolution of the Annual General Meeting of Shareholders. As of the end of the second quarter, 327 thousand shares of the Company held by the trust account, with a carrying value of ¥164 million, were recorded as treasury shares. - FY2019RestatedAnnual report
「The Company has established a Nomination and Compensation Advisory Committee in which independent outside officers constitute a majority, and obtains appropriate involvement and advice in determining directors’ compensation.」
The Company continues to use a process for determining executive compensation through the Nomination and Compensation Advisory Committee, which includes independent outside officers. - FY2018RestatedAnnual report
「The Company has established a Nomination and Compensation Advisory Committee, including independent outside directors, and obtains appropriate involvement and advice in determining directors’ compensation.」
The Company continues to use a compensation determination process conducted by the Nomination and Compensation Advisory Committee, including independent outside directors. - FY2017First statedAnnual report
「The policy and procedures for determining compensation for directors and audit & supervisory board members are as follows. The Company has established a Nomination and Compensation Advisory Committee, including independent outside directors, to provide appropriate involvement and advice in determining directors’ compensation.」
The Company describes a system under which a Nomination and Compensation Advisory Committee, including independent outside directors, is involved in determining directors’ compensation.