Governance structure
The compensation system for covered directors will be revised. The performance metrics for bonuses and share-based compensation will be reviewed, a trust-based share-based compensation plan will be introduced in place of the current restricted stock compensation plan, and clawback provisions will be introduced for bonuses and share-based compensation.
| Item | Details |
|---|---|
| Committee | Nomination and Compensation Committee (independent outside directors comprise a majority, and an independent outside director serves as chair) |
| Changes this time | The compensation system for covered directors will be revised. The performance metrics for bonuses and share-based compensation will be reviewed, a trust-based share-based compensation plan will be introduced in place of the current restricted stock compensation plan, and clawback provisions will be introduced for bonuses and share-based compensation. |
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 aim is to strengthen incentives for sustainable business growth and the enhancement of corporate value over the medium to long term by promoting the achievement of the key targets in the 2030 Medium-Term Management Plan "CORE2030" and fostering value sharing with shareholders. The trust-based share-based compensation plan is intended to enable more stable and efficient administration of the plan, while the clawback provisions are intended to enhance compensation governance.