Toyota 2015 Annual Report Download - page 107

Set forth below is a brief summary of Toyota’s substitute audit & supervisory board member.
Name
(Date of birth) Position Brief career summary and important concurrent duties
Number and
kind of shares
Ryuji Sakai
(August 7, 1957)
— 1985 Registered as attorney and joined
Nagashima & Ohno
1990 Wilson Sonsini Goodrich & Rosati
1995 Partner of Nagashima & Ohno
2000 Partner of Nagashima Ohno & Tsunematsu
(to present)
(important concurrent duties)
Attorney
Outside Audit & Supervisory Board Member of
Kobayashi Pharmaceutical Co., Ltd.
Outside Audit & Supervisory Board Member of
Tokyo Electron Limited
—
6.B COMPENSATION
The aggregate amount of remuneration, including bonuses but excluding stock options, accrued for all
members of the board of directors and audit & supervisory board members as a group by Toyota for services in
all capacities during fiscal 2016 was approximately ¥2,333 million. Members of the Board of Directors of Toyota
Motor Corporation receive year-end bonuses, the aggregate amount of which is approved at Toyota Motor
Corporation’s ordinary general shareholders’ meeting and is based on Toyota Motor Corporation’s financial
performance for the fiscal year. The amounts of the bonuses paid to individual members of the board of directors
and audit & supervisory board members are then determined based upon discussions at a meeting of Toyota
Motor Corporation’s board of directors and the meeting of audit & supervisory board members.
In addition to the above form of compensation, Toyota enacted stock option plans every year from 2008 until
2010. Under the 2008 plan, Toyota issued to its members of the board of directors and audit & supervisory board
members stock acquisition rights to purchase 335,000 shares of common stock at an exercise price of ¥4,726 and
with an expiration date of July 31, 2016. Under the 2009 plan, Toyota issued to its members of the board of
directors and audit & supervisory board members stock acquisition rights to purchase 440,000 shares of common
stock at an exercise price of ¥4,193 and with an expiration date of July 31, 2017. Under the 2010 plan, Toyota
issued to its members of the board of directors stock acquisition rights to purchase 400,000 shares of common stock
at an exercise price of ¥3,183 and with an expiration date of July 31, 2018. See “Share Ownership — Stock
Options” for a more detailed discussion of Toyota’s stock option plans.
Toyota’s Annual Securities Report filed with the Kanto Local Bureau of Finance on June 24, 2016,
contained the following information concerning compensation in fiscal 2016 on a consolidated basis for members
of the board of directors and audit & supervisory board members whose total compensation exceeded
¥100 million during such period:
- Takeshi Uchiyamada, Member of the Board of Directors: ¥201 million (¥102 million in base compensation
and ¥98 million in bonus)
- Akio Toyoda, Member of the Board of Directors: ¥351 million (¥102 million in base compensation and
¥248 million in bonus)
- Nobuyori Kodaira, Member of the Board of Directors: ¥125 million (¥64 million in base compensation and
¥61 million in bonus)
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