Governance structure
The officer compensation system will be revised to introduce a performance-conditioned post-delivery share-based compensation plan for inside directors and a restricted stock compensation plan for outside directors. Subject to approval, stock option compensation will be discontinued, excluding grants already made, and no new stock options will be issued in the future.
| Item | Details |
|---|---|
| Committee | Compensation Committee (proportion of outside members: Not disclosed) |
| Changes this time | The officer compensation system will be revised to introduce a performance-conditioned post-delivery share-based compensation plan for inside directors and a restricted stock compensation plan for outside directors. Subject to approval, stock option compensation will be discontinued, excluding grants already made, and no new stock options will be issued in the future. |
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 share with shareholders not only the benefits of a rising share price but also the risks of a decline, and to clarify the link between compensation, company performance and share value, thereby strengthening the motivation to contribute to improved performance and higher corporate value, as well as management's focus on shareholders.