Compensation Governance through a Nomination and Compensation Committee
First written in FY2019. 1 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2023.
- FY2023SoftenedAnnual report
「The Nomination and Compensation Committee consists of 4 members: Chair of the Board Kawana (川名) as chair, Representative Director and President Kinami (木南), outside director Shimada (島田), and outside director Takayama (高山). Outside directors comprise at least half of the committee.」
The committee changed from a 5-member structure to a 4-member structure, and its chair changed from an independent outside director to the Chair of the Board. The committee has maintained a composition in which outside directors account for at least half of its members. - FY2021AdvancedAnnual report
「The Nomination and Compensation Committee consists of 5 members: independent outside director Minamikawa (南川) as chair, Chair of the Board Senbon (千本), Representative Director and President Kinami (木南), outside director Minamikawa (南川), outside director Kawana (川名), and outside director Shimada (島田). Outside directors comprise at least half of the committee.」
The company specifically discloses the Nomination and Compensation Committee's 5-member structure, its majority-outside-director composition, and its chair's status as an independent outside director. - FY2019First statedAnnual report
「To ensure the objectivity and transparency of the process for determining compensation for directors and executive officers, as well as the appropriateness of compensation, we have established the voluntary Nomination and Compensation Committee as an advisory body to the Board of Directors.」
The company has established a Nomination and Compensation Committee chaired by an outside director, with outside directors comprising at least half of its members, demonstrating a framework to ensure objectivity and transparency in the nomination and compensation of officers.