No Policy Established for Determining Executive Compensation and Decision Procedures
First written in FY2020. 2 of 6 entries say "Advanced", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2019: 3 of 10 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2026Payment of directors' retirement benefits and elimination of the provisionAnnual report
「Sakamoto Katsushi (坂本 勝司) 186 Director Filing company 6 － 180 －」
As directors' compensation and other benefits, ¥6 million in fixed compensation and ¥180 million in retirement benefits were paid. Accordingly, the provision for directors' retirement benefits decreased from ¥180 million to zero. - FY2025RestatedAnnual report
「The Nomination and Compensation Committee was established as a voluntary advisory body to strengthen the independence, objectivity and accountability of the Board of Directors' functions concerning the nomination and compensation of directors, and to further strengthen corporate governance.」
The policy of basing compensation primarily on fixed compensation, and the process of consultation and recommendations by the Nomination and Compensation Committee, in which independent outside directors constitute a majority, remain in place. - FY2024AdvancedAnnual report
「The Nomination and Compensation Committee was established as a voluntary advisory body to strengthen the independence, objectivity and accountability of the Board of Directors' functions concerning the nomination and compensation of directors, and to further strengthen corporate governance.」
The Nomination and Compensation Committee, in which outside directors constituted a majority, met 2 times during the fiscal year to consider director candidates and compensation policies. - FY2022AdvancedAnnual report
「At a meeting of the Board of Directors held on 1 February 2021, we adopted a policy concerning the determination of the details of individual directors' compensation and other benefits. At a meeting of the Board of Directors held on 29 November 2021, we also resolved to establish a Nomination and Compensation Committee as a voluntary advisory body to the Board of Directors, with independent outside directors constituting a majority.」
Following the change in the previous fiscal year to a policy of fixed compensation only, the company disclosed the policy for determining individual compensation and the establishment, as an implementation measure, of a Nomination and Compensation Committee with a majority of independent outside directors. - FY2021ReframedAnnual report
「Each director will receive only basic compensation as fixed compensation.」
The policy changed from the previous fiscal year's statement that no policy had been established for determining the amount of executive compensation or the method of calculating it to an explicit policy of fixed compensation only, a determination method taking position, responsibilities and performance into account, and consultation with outside directors. - FY2020First statedAnnual report
「Although we have not established a policy for determining the amount of compensation and other benefits for directors and executive officers or the method of calculating such amounts, within the total compensation approved at the General Meeting of Shareholders, the Representative Director and President, Sakamoto Masatoshi (坂本 雅俊), who has been entrusted with the authority pursuant to a resolution of the Board of Directors, determines directors' compensation after deliberation by the Management Policy Council, taking comprehensive account of business performance, the responsibilities of their assigned duties and the status of business execution.」
Although no policy for calculating executive compensation has been established, the company has disclosed procedures under which the Representative Director and President determines directors' compensation within the approved total amount, taking business performance and responsibilities into account after deliberation by the Management Policy Council and a resolution of the Board of Directors.