Governance structure
The restriction period will change from “a period determined by the Company's Board of Directors within 3 to 5 years” to the period ending on the later of the date on which the recipient leaves a specified position or retires from employment, or the date on which the company files its securities report or other applicable documents. The service condition will change from “holding the position of director of the Company” to “holding a position among the Company's officers and employees designated in advance by the Company's Board of Directors,” and the treatment upon lifting of the restrictions and departure will also change.
| Item | Details |
|---|---|
| Committee | Nomination and Remuneration Committee (percentage of outside committee members: Not disclosed) |
| Changes this time | The restriction period will change from “a period determined by the Company's Board of Directors within 3 to 5 years” to the period ending on the later of the date on which the recipient leaves a specified position or retires from employment, or the date on which the company files its securities report or other applicable documents. The service condition will change from “holding the position of director of the Company” to “holding a position among the Company's officers and employees designated in advance by the Company's Board of Directors,” and the treatment upon lifting of the restrictions and departure will also change. |
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.In connection with the introduction of a performance-linked restricted stock compensation plan, to share the benefits and risks of share price fluctuations with shareholders over the medium to long term, and to operate the restriction period consistently and clarify when the restrictions will be lifted.