Based on the basic policy in Article 3, the Board of Directors selects Inside Director candidates in accordance with the opinions and views of its advisory organ, the Nomination and Compensation Advisory Committee.
Represented by the introduction of a business unit system in this month, we progressed strengthening of the system for executing operations, and we also established a nominating advisory committee and a compensation advisory committee.
Since its establishment, the Nomination and Remuneration Advisory Committee has made proposals to the Board of Directors regarding candidate representatives for JVCKENWOOD, and reviewed the appropriateness of director candidates and directors' compensation plans proposed by the representatives and others, and reported its opinions.
Governance: OSAKI ELECTRIC regularly evaluates the effectiveness of Board of Directors' activities in a continuous effort to improve the Board's function, and has established a Nomination and Remuneration Advisory Committee to ensure fairness, objectivity and transparency.
The Board of Directors shall set internal regulations on directors' remuneration upon obtaining the opinions of the Nomination and Remuneration Advisory Committee, comprising all Independent Executive Directors, and determine the amount of remuneration of individual Directors within the above-mentioned limit of monthly remuneration according to the Company's business performance and other criteria.
The results confirmed that awareness of the need to promote improvements to governance was high across the Board of Directors, and that this, together with the establishment of a decision-making process by the Nomination and Remuneration Advisory Committee, demonstrated that the Board of Directors had been sufficiently effective.
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.
We clarified the responsibilities and delegation of authority to executive directors to enable each internal Company to make swift decisions regarding the business they operate. We also established a Nominating Advisory Committee and a Remuneration Advisory Committee, in which outside directors comprise a majority of the committee members, to strengthen the supervisory function.
To enhance objectivity and transparency with regard to the compensation of directors and corporate auditors, the Compensation Advisory Committee(established on December 27, 2006) considers and reports on appropriate levels of compensation. Based on these reports, the Board of Directors and Board of Auditors pass resolutions deciding their respective compensation..
To ensure the proper functioning of the system and enhance objectivity and transparency, decisions on details concerning the design of the remuneration system and its operation are made by the Board of Directors based on input from the Nomination& Remuneration Advisory Committee, which consists of at least three members(at least half of whom are independent outside Directors or independent outside Audit& Supervisory Board Members) selected via Board of Directors resolution.
指名報酬諮問会議。
Nomination Remuneration Advisory Council.
報酬諮問委員会。
Remuneration Advisory Committee.
報酬諮問委員会。
The Nomination and Remuneration Advisory Committee.
指名・報酬諮問委員会。
The Nomination and Remuneration Advisory Committee.
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