Governance structure
The directors’ retirement bonus system will be abolished, performance-based bonuses will be established as a short-term incentive, and a restricted stock compensation system will be introduced as a medium- to long-term incentive. The compensation structure will change from 90% base compensation and 10% directors’ retirement bonuses to 70% base compensation, 20% performance-based bonuses and 10% restricted stock compensation.
| Item | Details |
|---|---|
| Committee | Nomination and Compensation Advisory Committee (proportion of outside members: not disclosed) |
| Changes this time | The directors’ retirement bonus system will be abolished, performance-based bonuses will be established as a short-term incentive, and a restricted stock compensation system will be introduced as a medium- to long-term incentive. The compensation structure will change from 90% base compensation and 10% directors’ retirement bonuses to 70% base compensation, 20% performance-based bonuses and 10% restricted stock compensation. |
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 review the executive compensation system as part of efforts to strengthen corporate governance, and to provide eligible directors with incentives to enhance corporate value and promote value sharing with shareholders.