Policy for determining executive compensation based primarily on fixed compensation
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2023: 1 of 7 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Specifically, directors’ remuneration consists of fixed basic remuneration and retirement benefits paid after retirement. Directors whose remuneration is delegated on an annual salary basis and outside directors responsible for oversight functions receive only basic remuneration in view of their duties.」
Reiterated the policy of centering remuneration on fixed remuneration, including the structure comprising basic remuneration and retirement benefits and the payment of only basic remuneration to outside directors. - FY2022RestatedAnnual report
「Specifically, directors’ remuneration consists of fixed basic remuneration and retirement benefits paid after retirement. Directors whose remuneration is delegated on an annual salary basis and outside directors responsible for oversight functions receive only basic remuneration in view of their duties.」
Reiterated the policy of centering remuneration on fixed remuneration, including the structure comprising basic remuneration and retirement benefits and the payment of only basic remuneration to outside directors. - FY2021AdvancedAnnual report
「Specifically, directors’ remuneration consists of fixed basic remuneration and retirement benefits paid after retirement. Directors whose remuneration is delegated on an annual salary basis and outside directors responsible for oversight functions receive only basic remuneration in view of their duties.」
While maintaining a policy centered on fixed remuneration, specified that remuneration consists of basic remuneration and retirement benefits, that directors remunerated on an annual salary basis and outside directors receive only basic remuneration, and that the decision-making process includes hearing the opinions of independent outside directors. - FY2020First statedAnnual report
「Our basic policy is to pay directors monthly fixed remuneration, determined comprehensively in consideration of each director’s position, responsibilities, contribution to management and company performance, in accordance with our basic corporate governance policy, so that remuneration contributes to the sustainable enhancement of corporate value and enables each director to appropriately perform the functions of business execution and management oversight according to their role.」
For the first time, organized and stated a policy of determining executive remuneration primarily as monthly fixed remuneration, based on a comprehensive consideration of position, responsibilities, contribution and company performance.