Executive Compensation Structure Combining Fixed Compensation and Stock Options
First written in FY2022. 1 of 3 entries say "Reframed", first in FY2023. Latest entry: FY2024.
The whole theme swung hardest in 2024: 8 of 45 companies on the "Worse" side.
26 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Performance-linked compensation and similar compensation will not be introduced. Non-monetary compensation and similar compensation will consist of stock-based compensation, in the form of stock acquisition rights issued as stock options, and shareholder approval will be obtained for determining its terms and amount or number.」
The Company continues its compensation structure of combining fixed compensation and stock options without introducing performance-linked compensation. - FY2023ReframedAnnual report
「The basic compensation for the Company's directors will be monthly fixed compensation, determined by comprehensively considering the following four factors: the content of their duties, the weight of their responsibilities, their contribution to business performance and their contribution to improving sustainability.」
While continuing its policy of combining fixed compensation and stock options without introducing performance-linked compensation, the Company specified contribution to improving sustainability as a factor in determining fixed compensation. - FY2022First statedAnnual report
「Performance-linked compensation and similar compensation will not be introduced. Non-monetary compensation and similar compensation will consist of stock-based compensation, in the form of stock acquisition rights issued as stock options, and shareholder approval will be obtained for determining its terms and amount or number.」
The Company clearly states that executive directors will receive stock-based compensation in addition to fixed compensation and that performance-linked compensation will not be introduced. It also states the policy that outside directors will receive only basic compensation.