Deliberation of Executive Compensation by the Governance Committee
First written in FY2020. 1 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2023.
- FY2023RestatedAnnual report
「The Governance Committee is a voluntary advisory body to the Board of Directors. By addressing the objectivity of director and executive appointments and compensation, ensuring transparency, and evaluating the Board of Directors, the committee strengthens the Board's supervisory function and works to enhance corporate governance aimed at the Company's sustainable growth and the improvement of corporate value over the medium to long term.」
The company continues to strengthen the Board of Directors' supervisory function through the Governance Committee's deliberation of director and executive appointments and compensation, and its evaluation of the Board. - FY2022AdvancedAnnual report
「The Governance Committee is a voluntary advisory body to the Board of Directors. By addressing the objectivity of director and executive appointments and compensation, ensuring transparency, and evaluating the Board of Directors,」
The company specifies that the Governance Committee's role extends from deliberating executive compensation to director and executive appointments, compensation, Board of Directors evaluations, and strengthening the Board's supervisory function. - FY2020First statedAnnual report
「The Company makes decisions after referring the matters for deliberation and submission to the Governance Committee, which includes independent outside directors, ensuring a transparent and fair decision-making process.」
For the first time, the company has identified the process of deliberating and submitting executive compensation matters to the Governance Committee, which includes independent outside directors, as a mechanism for ensuring transparency and fairness.