Komori
Governance2201Morinaga & Co.,Ltd.Food

Notice Regarding Partial Revision to the Performance-Linked Stock Compensation Plan for Directors and Executive Officers

The performance-linked stock compensation plan will continue, with senior executive officers added as eligible participants. The caps on trust contributions and awarded points will also be increased, and the first performance evaluation period will be extended to 4 fiscal years.

Worth reading
50Recurring
Scored from 1 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
440
¥ millions (cap for the first performance evaluation period)
Wording
Conditional
How definitive the wording is.

Governance structure

Committee1
Advisory Committee on Officer Appointments and Compensation
Changes this time

Senior executive officers will be added to the eligible participants in the performance-linked stock compensation plan for officers. The cap on trust contributions will change from ¥180 million in total over 3 fiscal years to ¥330 million, and the annual cap on awarded points will change from 15,000 points (30,000 shares) to 24,000 points (48,000 shares). The first performance evaluation period after the revision of the plan will be 4 fiscal years, and the trust period will be extended.

Governance structure
ItemDetails
CommitteeAdvisory Committee on Officer Appointments and Compensation (proportion of outside members: Not disclosed)
Changes this timeSenior executive officers will be added to the eligible participants in the performance-linked stock compensation plan for officers. The cap on trust contributions will change from ¥180 million in total over 3 fiscal years to ¥330 million, and the annual cap on awarded points will change from 15,000 points (30,000 shares) to 24,000 points (48,000 shares). The first performance evaluation period after the revision of the plan will be 4 fiscal years, and the trust period will be extended.
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 support directors and other officers in taking ambitious challenges toward realizing the 2030 Vision, and to further align their interests with those of shareholders by promoting ownership of the Company's shares.

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 Partial Revision to the Performance-Linked Stock Compensation Plan for Directors and Executive Officers | Morinaga & Co.,Ltd. (2201) timely disclosure | Komori