Komori
Governance1925DAIWA HOUSE INDUSTRY CO.,LTD.Construction and Materials

Notice Regarding Revisions to the Stock Compensation Plan

The existing stock compensation for eligible directors, excluding outside directors, will be revised into a performance-linked PSU plan and an RSU plan subject to continued service. Malus and clawback provisions will also be introduced to allow the forfeiture and repayment of stock compensation in cases of misconduct, accounting fraud or other improper conduct.

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Governance structure

Committee2
Compensation Advisory Committee: more than half of the members are independent outside directorsand the chair is an independent outside director
Changes this time

The current stock compensation system will be revised into a new system comprising two types of plans: a PSU plan and an RSU plan. Malus and clawback provisions will also be introduced.

Governance structure
ItemDetails
CommitteeCompensation Advisory Committee: more than half of the members are independent outside directors, and the chair is an independent outside director
Changes this timeThe current stock compensation system will be revised into a new system comprising two types of plans: a PSU plan and an RSU plan. Malus and clawback provisions will also be introduced.
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber of independent officersPolicy 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 promote greater value sharing with shareholders, motivate the sustainable enhancement of corporate value, and encourage the creation of social value toward the realization of the Daiwa House Group's purpose.

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 Stock Compensation Plan | DAIWA HOUSE INDUSTRY CO.,LTD. (1925) timely disclosure | Komori