Governance structure
Company with an Audit and Supervisory CommitteeThe compensation limit under the existing restricted stock compensation plan will be abolished, and a trust-based performance-linked stock compensation plan will be introduced for directors other than outside directors who are not Audit & Supervisory Committee members. Approval by resolution at the shareholders meeting is a condition.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Changes this time | The compensation limit under the existing restricted stock compensation plan will be abolished, and a trust-based performance-linked stock compensation plan will be introduced for directors other than outside directors who are not Audit & Supervisory Committee members. Approval by resolution at the shareholders meeting is a condition. |
Items this document does not state (6)
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 clarify the link between directors’ compensation and company performance and share value, and to heighten awareness of improving medium- to long-term performance and increasing corporate value by sharing with shareholders the gains and risks arising from stock price fluctuations. In addition, transfer restrictions will be imposed on the shares delivered until retirement from office, to encourage the sustained enhancement of corporate value.