Governance structure
Regarding directors' compensation, a proposal is scheduled to be submitted to reduce the annual cap on cash compensation from no more than ¥400 million to no more than ¥300 million, and to revise restricted stock compensation from no more than ¥50 million and 12,000 shares per year to no more than ¥150 million and 38,000 shares per year. The number of directors will remain unchanged.
| Item | Details |
|---|---|
| Number of directors | 8 directors in total, including 4 outside directors |
| Committee | Human Resources and Compensation Committee (proportion of outside members: not disclosed) |
| Changes this time | Regarding directors' compensation, a proposal is scheduled to be submitted to reduce the annual cap on cash compensation from no more than ¥400 million to no more than ¥300 million, and to revise restricted stock compensation from no more than ¥50 million and 12,000 shares per year to no more than ¥150 million and 38,000 shares per year. The number of directors will remain unchanged. |
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 strengthen the alignment between medium-term performance and share value and directors' stock-based compensation, thereby promoting the enhancement of corporate value and the sharing of value with shareholders. The proportion of the overall compensation framework allocated to stock-based compensation will be increased by reducing the cash compensation cap without changing the total framework.