Transparent and objective decision-making process for directors’ compensation
First written in FY2021. 2 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2022: 13 of 92 companies on the "Worse" side.
65 other companies' latest entry also says "Advanced".
- FY2024-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 24 August 2023, we resolved to introduce a new compensation plan, the restricted stock compensation plan, for eligible directors and executive officers who do not concurrently serve as directors. The plan is intended to provide incentives for the sustainable enhancement of corporate value and promote greater value sharing with shareholders. The payment procedures were completed on 9 November 2023.」
Under the restricted stock compensation plan, we disposed of 11,800 treasury shares for directors and executive officers, with a total disposal amount of ¥67,614,000, and completed the payment procedures on 9 November 2023. - FY2023AdvancedAnnual report
「At the 31st Annual General Meeting of Shareholders held on 27 September 2023, we introduced a restricted stock compensation plan for directors as a new form of non-monetary compensation and revised the compensation structure so that compensation is paid in cash and restricted stock, together with fixed-amount compensation and other components.」
In addition to ensuring objectivity and transparency through the compensation committee, we introduced a restricted stock compensation plan on 27 September 2023 and revised the compensation structure. - FY2022RestatedAnnual report
「We have established a compensation committee as a voluntary advisory body to the Board of Directors, with the aim of ensuring an objective and transparent process for determining director compensation and setting appropriate compensation levels.」
We continue to operate the policy of ensuring objectivity and transparency in director compensation through the compensation committee. - FY2021First statedAnnual report
「We have established a compensation committee as a voluntary advisory body to the Board of Directors, with the aim of ensuring an objective and transparent process for determining director compensation and setting appropriate compensation levels.」
The company disclosed for the first time its process for determining specific executive compensation amounts, based on policies including alignment with enhancing corporate value, securing talent, contributing to performance and linking compensation with management strategy, following consultation with the compensation committee.