Komori
Governance1801TAISEI CORPORATIONConstruction and Materials

Notice Regarding Revisions to the Performance-Linked Stock Compensation Plan

The existing performance-linked share compensation plan will be revised into a plan under which the shares delivered are subject to transfer restrictions until the recipient ceases to serve. Executive officers are also expected to become eligible, in addition to the directors currently covered.

Worth reading
50Recurring
Scored from 1 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
330000
Points per fiscal year (of which 90,000 points are for directors)
Wording
Conditional
How definitive the wording is.

Contents of this filing

Changes this time

The current BBT plan, a Board Benefit Trust plan, will be revised into BBT-RS, under which the shares delivered are subject to transfer restrictions until the recipient ceases to serve, and executive officers will be added as eligible participants. The maximum number of points per fiscal year will be 330,000 (of which 90,000 points are for directors).

この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。

Contents of this filing
ItemDetails
Changes this timeThe current BBT plan, a Board Benefit Trust plan, will be revised into BBT-RS, under which the shares delivered are subject to transfer restrictions until the recipient ceases to serve, and executive officers will be added as eligible participants. The maximum number of points per fiscal year will be 330,000 (of which 90,000 points are for directors).
Items this document does not state (7)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy on cross-shareholdingsTakeover defensesControlling shareholder

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To leverage the benefits of a trust-based scheme and restricted shares, clarify the linkage between directors’ compensation and business performance and share value, have directors share the risk of a decline in the share price with shareholders, and heighten awareness of the need to improve performance and increase corporate value over the medium to long term.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding Revisions to the Performance-Linked Stock Compensation Plan | TAISEI CORPORATION (1801) timely disclosure | Komori