Governance structure
The limit on directors’ compensation will be changed from not more than ¥30 million per month to not more than ¥360 million per year, including not more than ¥100 million per year for outside directors, and executive bonuses will be introduced. The annual cap on stock compensation points will be raised from 12,000 points to 30,000 points, with no cap set on contributions to the trust. Executive officers will also be added as eligible participants in the Stock Benefit Trust. The executive retirement bonus system is scheduled to be abolished.
| Item | Details |
|---|---|
| Committee | Nomination and Compensation Advisory Committee (outside members: a majority) |
| Changes this time | The limit on directors’ compensation will be changed from not more than ¥30 million per month to not more than ¥360 million per year, including not more than ¥100 million per year for outside directors, and executive bonuses will be introduced. The annual cap on stock compensation points will be raised from 12,000 points to 30,000 points, with no cap set on contributions to the trust. Executive officers will also be added as eligible participants in the Stock Benefit Trust. The executive retirement bonus system is scheduled to be abolished. |
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.The introduction of executive bonuses, an overall revision of the executive compensation system, an increase in the proportion of stock-based compensation to promote value sharing with shareholders, and measures to address the impact of share price fluctuations on the number of shares acquired by the trust.