Establishment of a nomination and compensation committee
First written in FY2019. 2 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2024.
- FY2024RestatedAnnual report
「The Nomination and Compensation Committee meets twice a year. During the fiscal year, it deliberated on the following matters: compensation for directors from June 2023 onward, including performance-linked compensation in consideration of the Company's performance and other factors in fiscal 2022; and the director structure from June 2024 onward, with reference to the candidates' career histories and reasons for selection.」
The practice of having the Nomination and Compensation Committee meet twice a year to deliberate on performance-linked compensation and the director structure for the following fiscal year continues. - FY2023AdvancedAnnual report
「The Nomination and Compensation Committee meets twice a year. During the fiscal year, it deliberated on the following matters: compensation for directors from June 2022 onward, including performance-linked compensation in consideration of the Company's performance and other factors in fiscal 2021; and the director structure from June 2023 onward, with reference to the candidates' career histories and reasons for selection.」
The Nomination and Compensation Committee met twice a year and deliberated on performance-linked compensation and the director structure for the following fiscal year. - FY2022RestatedAnnual report
「The Board of Directors consults the Nomination and Compensation Committee, which comprises the Representative Director and President, all independent outside directors and all independent outside Audit & Supervisory Board members, with the aim of further enhancing transparency and fairness by obtaining the opinions and advice of independent outside officers before deliberating on the appointment and dismissal of director candidates, director compensation, and matters relating to succession planning, including the development of successors.」
We continue to obtain the opinions of independent outside officers through the Nomination and Compensation Committee regarding the appointment and dismissal of directors, compensation and succession planning. - FY2020AdvancedAnnual report
「The Board of Directors consults the Nomination and Compensation Committee, which comprises the Representative Director and President, all independent outside directors and all independent outside Audit & Supervisory Board members, with the aim of further enhancing transparency and fairness by obtaining the opinions and advice of independent outside officers before deliberating on the appointment and dismissal of director candidates, director compensation, and matters relating to succession planning, including the development of successors.」
The remit of the Nomination and Compensation Committee was expanded from reviewing the suitability of newly appointed and reappointed directors to specific matters including dismissal, compensation and succession planning, and its composition and operation, including independent outside officers, were presented. - FY2019First statedAnnual report
「The Company established a Nomination and Compensation Committee pursuant to a resolution of the Board of Directors dated 20 May 2019. When directors, including representative directors, are newly appointed or reappointed, the Nomination and Compensation Committee reviews their suitability in advance in response to consultation by the Board of Directors and submits its recommendations to the Board.」
A Nomination and Compensation Committee was established on 20 May 2019, introducing a framework for reviewing the suitability of new and reappointed directors and submitting recommendations to the Board of Directors.