Executive Compensation Design Using Fixed Compensation, Performance-Linked Compensation and Stock Options
First written in FY2019. 1 of 3 entries say "Softened", first in FY2021. Latest entry: FY2022.
40 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Compensation for directors, excluding outside directors, consists of fixed compensation, performance-linked compensation and stock options. The payment mix shall be appropriately deliberated by the Executive Compensation Committee so that, in accordance with the basic policy described in (i) above, it functions effectively as an incentive to enhance corporate and shareholder value.」
The company continues its policy of structuring compensation around fixed compensation, performance-linked compensation and stock options, with the mix to be deliberated by the Executive Compensation Committee rather than set at a specific ratio. - FY2021Specific guideline for the compensation mix deletedAnnual report
「The payment mix shall be appropriately deliberated by the Executive Compensation Committee so that, in accordance with the basic policy described in (i) above, it functions effectively as an incentive to enhance corporate and shareholder value.」
The wording changed from the previous specific guideline of an approximate 2:1:0.5 mix of fixed compensation, performance-linked compensation and stock options to a statement that the matter would be appropriately deliberated by the Executive Compensation Committee. - FY2019First statedAnnual report
「Compensation for the Company's directors, excluding outside directors, consists of fixed compensation, performance-linked compensation and stock options. The policy for determining the payment mix is intended to ensure that performance-linked compensation functions as an incentive to enhance corporate value, with the target mix of the above forms of compensation set at approximately 2:1:0.5.」
This is the first record of a policy under which director compensation consists of fixed compensation, performance-linked compensation and stock options, with an approximate target mix of 2:1:0.5.