Policy to determine the remuneration paid to Corporate Officers
The Company shall provide remuneration that emphasizes the linkage with financial results and medium- to long-term corporate value, to share the same value with shareholders.
Remuneration shall be set at levels that can attract and retain excellent human resources with global competitiveness.
Remuneration shall emphasize transparency and fairness to be able to fulfill accountability.
Process to determine remuneration paid to Corporate Officers and content of remuneration
In order to ensure the transparency and fairness of the process to determine remuneration for Officers, a Remuneration Committee has been established as an advisory panel to the Board of Directors.
The Remuneration Committee is composed of the President and CEO, Outside Directors, and an Audit & Supervisory Board Member and is chaired by an Independent Outside Director to ensure the objectivity of deliberations. It deliberates and reports on matters pertaining to remuneration for Officers such as remuneration policy, plan, calculation methods, and specific remuneration content of individual Officers.
After the Remuneration Committee has deliberated and reported, specific remunerations for Directors are deliberated at the Board of Directors meeting, and specific remunerations for Audit & Supervisory Board Members are discussed at the Audit & Supervisory Board meeting, within the limits of remunerations approved at the General Meeting of Shareholders, and with the amount of remunerations calculated based on rules and regulations established by the Company.
|Outside Directors||In the interest of maintaining independence, Outside Directors receive only "basic remuneration," with no performance-based remuneration.|
|Audit & Supervisory Board Members||In the interest of promoting audits of legality, Audit & Supervisory Board Members receive only "basic remuneration."|
|Type of remuneration||Remuneration item||Description||Form of payment|
|Basic remuneration||Fixed remuneration||
|Performance-based bonus||Performance-based remuneration (Single year)||
|Stock compensation-type stock options||Stock remuneration (Medium- to long-term)||
||Shares (Share acquisition rights)|