Komori
Governance6988NITTO DENKO CORPORATIONMaterials and Chemicals

Notice Regarding the Introduction of a Performance-Linked Restricted Share-Based Compensation Plan

The executive compensation system will be revised to introduce performance-linked restricted stock compensation for directors other than outside directors. Accordingly, the two existing stock compensation plans will be discontinued after the scheduled final grants and evaluations.

Worth reading
59In focus
Scored from 1 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
1000000
Shares (annual allocation cap)
Wording
Conditional
How definitive the wording is.

Contents of this filing

Changes this time

The executive compensation system will be revised to introduce a performance-linked restricted stock compensation plan. The plan will apply to directors other than outside directors, while the existing medium-term performance-linked compensation and medium- to long-term performance-linked compensation plans will each be discontinued after the final grant specified for that plan.

この書類は、機関設計や取締役会の構成そのものは述べていません。上に示したのは、この書類が述べている変更点です。

Contents of this filing
ItemDetails
Changes this timeThe executive compensation system will be revised to introduce a performance-linked restricted stock compensation plan. The plan will apply to directors other than outside directors, while the existing medium-term performance-linked compensation and medium- to long-term performance-linked compensation plans will each be discontinued after the final grant specified for that plan.
Items this document does not state (7)
Corporate Governance StructureNumber of directorsNumber of independent officersCommitteePolicy 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 expand incentives tied to medium- and long-term performance, further strengthen the sharing of value between directors and shareholders, and increase the proportion of stock-based compensation in directors’ total compensation. The Company also aims to secure and retain outstanding talent.

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 a Performance-Linked Restricted Share-Based Compensation Plan | NITTO DENKO CORPORATION (6988) timely disclosure | Komori