Komori
Governance3548BAROQUE JAPAN LIMITEDRetail

Notice Regarding the Introduction of a Performance-Linked Restricted Stock Compensation Plan for Directors and Other Officers

A new performance-linked restricted stock compensation plan, “BBT-RS,” will be introduced for directors and other eligible officers. The plan will be linked to business performance and the share price, and the shares will be subject to transfer restrictions during the recipient’s tenure. The same trust as that used for the existing BBT plan will also be used, and some points under the existing plan are scheduled to be transferred to this plan.

Worth reading
50Recurring
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
72000
Points per fiscal year (of which 31,000 points are attributable to directors)
Wording
Conditional
How definitive the wording is.

Contents of this filing

Changes this time

The Company will introduce BBT-RS, a performance-linked restricted stock compensation plan for directors and other eligible officers, alongside the existing BBT plan. Subject to approval at the forthcoming General Meeting of Shareholders, some points already granted under the existing BBT plan will be transferred to this plan.

この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。

Contents of this filing
ItemDetails
Changes this timeThe Company will introduce BBT-RS, a performance-linked restricted stock compensation plan for directors and other eligible officers, alongside the existing BBT plan. Subject to approval at the forthcoming General Meeting of Shareholders, some points already granted under the existing BBT plan will be transferred to this plan.
Items this document does not state (7)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy 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 clarify the link between compensation, business performance and share value, and to heighten awareness of the need to improve performance and increase corporate value over the medium to long term by sharing with shareholders not only the benefits of a rising share price but also the risks of a decline.

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 the Introduction of a Performance-Linked Restricted Stock Compensation Plan for Directors and Other Officers | BAROQUE JAPAN LIMITED (3548) timely disclosure | Komori