Performance-Linked and Stock-Based Compensation and Decisions by an Advisory Committee
First written in FY2021. 1 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026ReframedAnnual report
「For executive directors, the indicative ratio of base compensation, performance-linked compensation and share-based compensation is 4:4:2. For the chair of the Board of Directors, the indicative ratio of base compensation and share-based compensation is 8:2.」
The indicative compensation mix was changed from 5:4:1 to 4:4:2, increasing the weighting of share-based compensation. - FY2022AdvancedAnnual report
「Following deliberation by a voluntary advisory committee in which outside directors constitute a majority, and by resolution of the Board of Directors,」
The compensation structure was changed to a ratio of 5:4:1 for base compensation, performance-linked compensation and share-based compensation, respectively, with an ESG performance achievement factor added based on fiscal 2022 results. - FY2021First statedAnnual report
「To ensure objectivity and transparency in the decision-making process, directors’ compensation is determined within the total compensation approved by the General Meeting of Shareholders, following deliberation by a voluntary advisory committee in which outside directors constitute a majority.」
For the first time, we systematically disclosed a policy of determining directors’ compensation through an advisory committee with a majority of outside directors, combining base compensation, performance-linked compensation and restricted share-based compensation.