Committees
Committee Members
| Nominating and Governance Committee | Compensation Committee | Audit Committee | Risk Committee | U.S. Risk Committee | ||
|---|---|---|---|---|---|---|
| Mariko Fujii | Outside director | ○ | ○ | ◎ | ||
| Keiko Honda | Outside director | ○ | ||||
| Kaoru Kato | Outside director | ○ | ○ | ○ | ||
| Satoko Kuwabara | Outside director | ○ | ◎ | |||
| Hirofumi Nomoto | Outside director | ◎ | ○ | |||
| David Sneider | Outside director | ○ | ||||
| Koichi Tsuji | Outside director | ◎ | ||||
| Tarisa Watanagase | Outside director | ○ | ||||
| Kenichi Miyanaga | Non-executive director | ○ | ||||
| Ryoichi Shinke | Non-executive director | ○ | ||||
| Hironori Kamezawa | Director President & Group CEO |
○ | ○ | |||
| Hideaki Takase | Managing Corporate Executive |
○ | ||||
| Shinichi Koide | External advisor Outside director of MUFG Bank |
○ | ||||
| Atsushi Miyanoya | External advisor | ○ | ||||
| Kazuhiko Ohashi | External advisor | ○ | ||||
| Takeo Hoshi | External advisor | ○ | ||||
| Linda Cunningham | Outside director of the Americas HD | ◎ | ||||
| Suneel Kamlani | Outside director of the Americas HD | ○ | ||||
| Michael Fraizer | Outside director of the Americas HD | ○ | ||||
| Masatoshi Komoriya | Chairman of the Americas HD | ○ | ||||
| Kevin Cronin | President & CEO of the Americas HD | ○ | ||||
| Katsunori Yokomaku |
Managing Corporate Executive Group CRO |
○ | ||||
| Nobuki Hatano | Executive Officer | ○ |
Compensation System
MUFG has adopted a performance-based stock compensation plan for all directors, corporate executives and executive officers (hereinafter referred to collectively as “recipients”) who serve at the holding company, MUFG Bank and Mitsubishi UFJ Trust and Banking as well as the Securities. The introduction of this plan is intended to provide greater incentives for those individuals to maintain an awareness of the Group's overall corporate performance, stock price and capital efficiency over the medium- to long-term when pursuing their duties.
In May 2018, MUFG carried out a partial revision of this plan, incorporating ROE and the expense ratio into evaluation indices for determining stock compensation and bonuses for directors while increasing the proportion of performance-based compensation. This move is expected to better harmonize our compensation system with shareholders' interests.
Outline of Compensation System
Underlying Concepts and Objectives
Accordingly, MUFG aims to better motivate recipients to contribute to growth in business performance not only in the short term but also over the medium to long term while discouraging an excessively risk-taking approach. MUFG also determines compensation by giving due consideration to its operating results, financial soundness and domestic and overseas regulatory requirements associated with compensation paid for these recipients.
Content of Compensation
- Compensation consists of three components,namely, basic compensation (fixed); stock compensation (linked to stock prices and medium- to long-term corporate performance); and bonuses (linked to short-term corporate performance). The proportion of each component is appropriately determined by giving due consideration to the concepts and objectives described above as well as duties carried out by each recipient.
- Stock compensation plan utilizes a trust scheme and provides recipients with MUFG shares.
- As for compensation for the MUFG president's service for fiscal 2018 and later, the proportion of all three components is set equally. (provided that stock compensation and bonuses have been paid in standard amounts.)