Governance structure
Company with an Audit and Supervisory CommitteeThe eligible participants in the stock compensation plan have been changed from executive directors to all directors other than directors who are Audit and Supervisory Committee members. No other terms of the plan have been changed.
| Item | Details |
|---|---|
| Corporate Governance Structure | Company with an Audit and Supervisory Committee |
| Committee | Voluntary Nomination and Compensation Committee (5 members, including 4 independent outside directors; 80% of members are outside directors) |
| Changes this time | The eligible participants in the stock compensation plan have been changed from executive directors to all directors other than directors who are Audit and Supervisory Committee members. No other terms of the plan have been changed. |
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.In light of the review of the executive structure, the Company determined that the objectives of the plan—encouraging directors to contribute to the enhancement of shareholder value and corporate value, retaining talented executives, and fostering a stronger alignment of interests with shareholders by promoting ownership of the Company's shares—are applicable not only to executive directors but also to all directors other than directors who are Audit and Supervisory Committee members.