Abolition of the Executive Retirement Benefit Scheme
First written in FY2023. 1 of 2 entries say "Achieved", first in FY2024. Latest entry: FY2024.
The whole theme swung hardest in 2024: 3 of 36 companies on the "Worse" side.
8 other companies' latest entry also says "Achieved".
- FY2024AchievedAnnual report
「The company resolved to abolish the directors' retirement bonus system and introduce a restricted stock compensation plan for directors, excluding directors who are Audit & Supervisory Committee members and outside directors, as a new incentive system in place of the directors' retirement bonus system.」
The abolition of the directors' retirement bonus system and transition to restricted stock compensation, resolved in the previous fiscal year, were implemented together with the reversal of the provision and its transfer to long-term accrued expenses. - FY2023First statedAnnual report
「At a Board of Directors meeting held on 12 May 2023, the company reviewed its executive compensation system and resolved to abolish the directors' retirement bonus system and make lump-sum payments associated with its abolition, as well as to introduce a restricted stock compensation plan as a new incentive system for directors, excluding directors who are Audit & Supervisory Committee members and outside directors.」
The company resolved to abolish the directors' retirement bonus system and make lump-sum payments, and indicated a policy of transitioning to restricted stock compensation as a new incentive system.