In 2005, the Company formulated the basic policy on officer remuneration, which outlines the method of remuneration for directors, etc. At a meeting of the Board of Directors in February 2012, the policy was revised as follows.
The role demanded of officers is to seek to enhance short-, medium-, and long-term corporate value, and officer remuneration shall serve as an effective incentive for them to perform that role.
The level of officer remuneration shall be suitable for the role, responsibility, and performance of the officer.
Total Remuneration for Directors and Audit & Supervisory Board Members (Fiscal 2019)
| Types of directors | Total value of remuneration (million yen) |
Total value of remuneration by type (million yen) |
Number of directors subject to remuneration | ||
|---|---|---|---|---|---|
| Fixed remuneration (paid monthly) |
Performance-linked remuneration | ||||
| basic monthly salary | Bonuses | ||||
| Directors (excluding outside directors) |
331 | 240 | 55 | 34 | 5 |
| Audit & Supervisory Board members (excluding outside members) |
74 | 74 | - | - | 3 |
| Outside directors | 41 | 35 | - | 6 | 6 |
| Outside Audit & Supervisory board members | 34 | 34 | - | - | 3 |
*1: Figures above include payments to two directors and one outside Audit & Supervisory Board member who retired at the conclusion of the 219th Ordinary General Shareholder's Meeting.
*2: The total basic monthly salary for all directors, including outside directors, approved at the 205th Ordinary General Shareholder's Meeting, is to be a maximum of 50 million yen per month, and total bonuses for all directors approved at the 206th Ordinary General Shareholder's Meeting is to be a maximum of 90 million yen per year.
*3: The total basic monthly salary for all Audit & Supervisory Board members, including outside members, approved at the 190th Ordinary General Shareholder's Meeting, is to be a maximum of 12 million yen per month.
The Company shall assure the objectivity and transparency of thesystem of officer remuneration by establishing and operating the Advisory Committee comprising a number of outside directors, outside audit & supervisory board members and inside directors to govern the system of personnel affairs and remuneration of officers.
