Having recognized the importance of supervisory functions for management at an early stage, TDK has actively endeavored to invite Outside Directors and Outside Audit & Supervisory Board Members into its organization.
The post of Chairman of the Board is filled by an Outside Director.
The posts of Chairman of the Nomination Advisory Committee and the Compensation Advisory Committee are each filled by Outside Directors.
This helps ensure the transparency of HR and compensation processes and the validity of officer appointments and compensation.
At TDK Corporation, the ratio of total sales from overseas exceeds 90%. As such, the Company aggressively promotes capable personnel in its organization regardless of their nationality.
June 2002 |
Reduced number of Directors from twelve to seven Introduced Corporate Officer system for the purpose of clearly separating management supervision and operational execution Invited Outside Director into organization for the first time Formed Compensation Advisory Committee (Chairman: Outside Director) Suspended reserve of Director retirement benefits (Retirement benefit system abolished in June 2011) |
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June 2003 |
Director term shortened from two years to one year following change to Articles of Incorporation Two Outside Audit & Supervisory Board Members in service increased to three |
June 2004 |
Foreigner assumed Corporate Officer post for first time |
June 2005
|
Stock-based compensation stock options introduced for Directors and Corporate Officers |
June 2007 |
Suspended reserve of Audit & Supervisory Board Member retirement benefits (Retirement benefit system abolished in June 2011)
Compensation for Outside Directors and Audit & Supervisory Board Members changed to base compensation only |
June 2008 August 2008 |
One Outside Director in service increased to two Formed Nomination Advisory Committee (Chairman: Outside Director) |
June 2009 |
Two non-Japanese assumed Corporate Officer post; two Outside Directors in service increased to three |
June 2012 |
Four non-Japanese assumed Corporate Officer post |
June 2015 |
Seven non-Japanese assumed Corporate Officer post |
View the full text of " Corporate Governance " on the PDF version.
Corporate Governance