078 Disclosure on executives’ remuneration of listed companies
Financial Services Agency determined last year that when an executive receives more than 100 million yen for their remuneration, the company which he or she belongs to has to disclose the amount of the remuneration and the name of the recipient. This policy was obliged for the purpose of strengthening corporate governance, and disclosure should be included in the financial reports.
The end of this fiscal year will see the second year of this disclosure. Last year’s disclosure was not as clear as expected in the way that their reports did not reveal how they had determined the amount of remuneration. This year, we expect them to be more accountable so that company executives can fulfill their duty of accountability for their shareholders, which is seen as a function to offer appropriate information.
Financial Services Agency determined last year that when an executive receives more than 100 million yen for their remuneration, the company which he or she belongs to has to disclose the amount of the remuneration and the name of the recipient. This policy was obliged for the purpose of strengthening corporate governance, and disclosure should be included in the financial reports.
The end of this fiscal year will see the second year of this disclosure. Last year’s disclosure was not as clear as expected in the way that their reports did not reveal how they had determined the amount of remuneration. This year, we expect them to be more accountable so that company executives can fulfill their duty of accountability for their shareholders, which is seen as a function to offer appropriate information.
