The total amount of compensation for directors, approved at the general meeting of shareholders held on March 28, 2011, is limited to "within 450 million yen," excluding compensation for employees who serve concurrently as directors. When setting the amount for each director within the limit, the Board of Directors ensures transparency and fairness in the decision-making process by consulting the Compensation Committee, which is comprised of two or more external directors and the President.
The amount for each corporate auditor is decided through discussions by corporate auditors. The total amount of compensation for corporate auditors, approved at the general meeting of shareholders held on July 10, 2012, is limited to "within 100 million yen."
| Total amount (million yen) |
Total amount by types of compensation(million yen) | Number of persons |
||
|---|---|---|---|---|
| Basic | Incentive | |||
| Directors (excluding external directors) |
296 | 211 | 85 | 7 |
| Corporate auditors (excluding external corporate auditors) |
38 | 38 | - | 2 |
| External directors and corporate auditors |
52 | 52 | - | 5 |
The term of office of directors and executive officers has been set at one year to clarify management accountability of each director and officer during the fiscal year.