Fixed-Remuneration-Centered Policy for Directors’ Compensation
First written in FY2023. 1 of 2 entries say "Reframed", first in FY2024. Latest entry: FY2024.
Science Arts moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2024: 8 of 45 companies on the "Worse" side.
4 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「Non-monetary compensation will consist of restricted stock. Within the compensation limits approved at the 21st Annual General Meeting of Shareholders held on 27 November 2024, the Board of Directors will determine the compensation based on the internal regulations concerning executive compensation established by the Board, taking into account whether the director is full-time or part-time, the director's responsibilities, performance and contribution, among other factors.」
The policy has shifted from one centered on monthly fixed compensation with no performance-linked or non-monetary compensation to one that introduces restricted stock as non-monetary compensation while not paying bonuses. - FY2023First statedAnnual report
「Compensation will consist of fixed monthly cash compensation, with no performance-linked compensation or non-monetary compensation or other forms of compensation paid.」
The company disclosed for the first time its policy of basing directors' compensation on monthly fixed compensation and not paying performance-linked or non-monetary compensation.