Komori
Governance6803TEAC CORPORATIONElectrical Equipment and Precision Instruments

Notice Regarding the Introduction of Performance-Linked Share-Based Compensation (Phantom Stock)

The Company will introduce a new phantom stock plan for directors, under which the amount paid will vary in line with the medium-term management plan and performance in each fiscal year. The plan will apply to directors other than directors serving as Audit and Supervisory Committee members and outside directors, subject to approval of the compensation proposal at the General Meeting of Shareholders.

Worth reading
50Recurring
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
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Wording
Conditional
How definitive the wording is.

Governance structure

Company with an Audit and Supervisory Committee
Committee1
Nomination and Remuneration Committee (percentage of outside committee members: 非開示)
Changes this time

The Company will introduce phantom stock linked to the medium-term management plan and performance in each fiscal year. The plan will apply to directors other than directors serving as Audit and Supervisory Committee members and outside directors.

Governance structure
ItemDetails
Corporate Governance StructureCompany with an Audit and Supervisory Committee
CommitteeNomination and Remuneration Committee (percentage of outside committee members: Not disclosed)
Changes this timeThe Company will introduce phantom stock linked to the medium-term management plan and performance in each fiscal year. The plan will apply to directors other than directors serving as Audit and Supervisory Committee members and outside directors.
Items this document does not state (5)
Number of directorsNumber of independent officersPolicy on cross-shareholdingsTakeover defensesControlling shareholder

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.

To link the plan to the medium-term management plan disclosed today.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Introduction of Performance-Linked Share-Based Compensation (Phantom Stock) | TEAC CORPORATION (6803) timely disclosure | Komori