Governance structure
Company with an Audit and Supervisory CommitteeThe executive compensation system will be revised so that compensation for in-house directors comprises basic compensation and an annual bonus, and no new share acquisition rights will be issued as stock options going forward. A new compensation limit will be established for outside directors, and deferred-delivery stock-based compensation using PSUs and RSUs will be introduced for the Representative Director and President.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Number of directors | There are currently 3 in-house directors, excluding directors serving as Audit & Supervisory Committee members. If the proposal is approved at the general meeting of shareholders, there will be 1 in-house director and 2 outside directors. The total number of directors, including Audit & Supervisory Committee members, is Not disclosed. |
| Committee | Nomination and Compensation Advisory Committee. Independent outside directors constitute a majority of its members. |
| Changes this time | The executive compensation system will be revised so that compensation for in-house directors comprises basic compensation and an annual bonus, and no new share acquisition rights will be issued as stock options going forward. A new compensation limit will be established for outside directors, and deferred-delivery stock-based compensation using PSUs and RSUs will be introduced for the Representative Director and President. |
Items this document does not state (4)
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 strengthen incentives for sustainable enhancement of corporate value through a performance-linked compensation system, and to encourage the eligible directors to perform their duties while further promoting value sharing with shareholders.