Establishment of a compensation committee
First written in FY2020. 1 of 3 entries say "Reframed", first in FY2022. Latest entry: FY2025.
The whole theme swung hardest in 2022: 13 of 92 companies on the "Worse" side.
65 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「As an advisory body to the Board of Directors, the company established a nomination and compensation committee composed of a majority of independent outside directors. The committee deliberates on the nomination and compensation of directors and submits its recommendations, while the exercise of the Audit and Supervisory Committee’s right to state its opinions ensures the fairness, transparency and objectivity of procedures relating to the nomination and compensation of directors.」
The company has specified that the nomination and compensation committee must comprise a majority of independent outside directors, submit recommendations to the Board of Directors and involve the Audit and Supervisory Committee, thereby defining its operating structure. - FY2022ReframedAnnual report
「Furthermore, at a meeting of the Board of Directors held on 24 December 2021, the company resolved its internal rules concerning the establishment of a nomination and compensation committee and established the committee on the same day.」
The system has been reorganised from the former compensation committee into a nomination and compensation committee that also covers the nomination of directors. - FY2020First statedAnnual report
「At a meeting of the Board of Directors held on 25 March 2020, the company resolved its internal rules concerning the establishment of a compensation committee and established the committee on the same day.」
A compensation committee was established on 25 March 2020 to enhance the fairness and transparency of procedures relating to directors’ compensation.