Performance-linked executive compensation based on net income attributable to owners of the parent
First written in FY2019. 1 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2024.
The whole theme swung hardest in 2017: 2 of 16 companies on the "Worse" side.
24 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Performance-linked remuneration = Net income attributable to owners of the parent ÷ target net income attributable to owners of the parent × monthly fixed remuneration × 4 ※ Maximum: monthly fixed remuneration × 8」
The company continues to disclose the formula and cap based on the degree of achievement against the target for net income attributable to owners of the parent. - FY2022AdvancedAnnual report
「Performance-linked remuneration = Net income attributable to owners of the parent ÷ target net income attributable to owners of the parent × monthly fixed remuneration × 4 ※ Maximum: monthly fixed remuneration × 8」
The company disclosed the specific formula and cap for performance-linked remuneration, using the degree of achievement against the target for net income attributable to owners of the parent. - FY2019First statedAnnual report
「Executive compensation and other remuneration consists of fixed and performance-linked components, with fixed remuneration accounting for 60–100% and performance-linked remuneration for 0–40%. The performance-linked remuneration metric is “net income attributable to owners of the parent.”」
For the first time, the disclosure explicitly states that 0–40% of directors’ remuneration is performance-linked and that net income attributable to owners of the parent is used as the performance metric.