Governance structure
The compensation structure was reviewed, and short-term performance-linked compensation and medium- to long-term performance-linked stock compensation were established for executive officers, while performance-unlinked stock compensation was established for directors. Stock grants were changed from a system under which they were generally made upon retirement to a system under which restricted stock is granted during the officer's tenure.
| Item | Details |
|---|---|
| Committee | Name Compensation Committee / Percentage of outside members Not disclosed |
| Changes this time | The compensation structure was reviewed, and short-term performance-linked compensation and medium- to long-term performance-linked stock compensation were established for executive officers, while performance-unlinked stock compensation was established for directors. Stock grants were changed from a system under which they were generally made upon retirement to a system under which restricted stock is granted during the officer's tenure. |
Items this document does not state (6)
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.The changes are intended to strengthen incentives to achieve the numerical targets of the medium-term management plan and continuously enhance corporate value, while aligning interests with shareholders. They are also intended to secure talented personnel, encourage contributions to enhancing corporate value, align interests with shareholders, and establish highly objective and transparent governance in light of the competitive environment in global markets and the need to address social issues.