Governance structure
Company with an Audit and Supervisory CommitteeThe Company plans to introduce a performance-linked restricted stock compensation plan (PSU plan) and voluntarily surrender its existing equity compensation stock options (share acquisition rights). This is subject to approval at the general meeting of shareholders.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Committee | Non-statutory Nomination and Compensation Committee (proportion of outside members: Not disclosed) |
| Changes this time | The Company plans to introduce a performance-linked restricted stock compensation plan (PSU plan) and voluntarily surrender its existing equity compensation stock options (share acquisition rights). This is subject to approval at the general meeting of shareholders. |
Items this document does not state (5)
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 achieve the medium-term management plan, VISION-W, the Company aims to strengthen a framework under which management and senior executives work together, promote the sustained improvement of corporate and shareholder value, and enhance their commitment to achieving performance targets. Regarding the existing stock options, the Company faces the issue that efforts in business execution are less likely to be directly reflected in compensation when compensation is based solely on share price conditions. The Company therefore plans to transition to a PSU plan incorporating performance indicators, including ROE and ROIC.