Total amount of remuneration by director classification, types of remuneration and number of eligible directors
Total remuneration for Directors is shown in the table below (actual results for FY3/17).
|Director Classification||Total Amount (million JPY)||Total Amount by Type (million JPY)||Number eligible (persons)|
|Basic Salary||Stock Options||Bonus||Retirement Benefits|
|Directors who are not Audit & Supervisory Committee members||123||92||31||－||－||3|
|Directors who are Audit & Supervisory Committee members||18||18||－||－||－||3|
Policy with respect to decision and calculation method for the amount of Directors’ remuneration and decision method
Limits on the amount of remuneration were established at the Company’s 13th Annual General Meeting of Shareholders held on June 24, 2016, set at an annual amount of 200 Million JPY for Directors who are not Audit & Supervisory Committee members including monthly remuneration and stock options, and 100 Million JPY for Directors who are Audit & Supervisory Committee Members.
The Company determines Directors’ compensation within the aforementioned limits approved by shareholders at the AGM.
The remuneration of individual directors other than those who serve as members of the Audit and Supervisory Committee is determined by the Board of Directors based on advice from the Nomination and Remuneration Advisory Committee, a voluntary committee made up by a majority of independent external directors to ensure its objectivity, fairness and transparency. Individual role, achievements and earnings results of the Company are all taken into consideration in making the decision. In addition, stock acquisition rights may be granted for the purpose of encouraging contributions in the mid to long term.
Individual remuneration for Directors who are Audit & Supervisory Committee Members is determined by mutual agreement amongst them.