Policy for directors' compensation decisions
Within the remuneration limit approved at the general meeting of shareholders , the Board of Directors consults the Nomination and Remuneration Advisory Committee on the amount of remuneration for each director (excluding directors who are Audit and Supervisory Committee members) , and determined based on the content of the report. The amount of remuneration for the directors who are members of the Audit and Supervisory Committee is determined through discussions among the directors who are members of the Audit and Supervisory Committee.
Amount of Executive Compensation
| Classification | Number of issued members | Amount of compensation |
|---|---|---|
| Director who is NOT the Audit and Supervisory committee members | 12 | 564 million yen |
| (Outside) | (1) | 16 million yen |
| Director who IS the Audit and Supervisory committee members | 3 | 19 million yen |
| (Outside) | (2) | 8 million yen |
| Total | 15 | 583 million yen |
| (Outside) | (3) | 24 million yen |
*The amount of remuneration for Directors include the amount of expenses (94 million yen) during this fiscal year related to the stock acquisition rights granted as stock options.
Establishment of Nomination and Remuneration Advisory Committee
The Company established a Nomination and Remuneration Advisory Committee as the Board of Directors' optional advisory committee on October 30, 2019. The committee mostly consists of Independent Outside Directors to strengthen independence and objectivity of the nomination and remuneration function of the Board of Directors, and further enhancing corporate governance.
stock option system
Stock options are granted based on CyberAgent's consolidated sales with the objective of further boosting the motivation and morale, raising corporate value, and further strengthening corporate management.