Performance-Linked Executive Compensation and Enhancing Corporate Value
First written in FY2016. 3 of 4 entries say "Advanced", first in FY2018. Latest entry: FY2022.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
- FY2022AdvancedAnnual report
「The company's directors' compensation comprises a compensation structure linked to shareholder interests so that it functions effectively as an incentive to enhance corporate value on a sustainable basis. Specifically, directors' compensation consists of fixed compensation as base compensation and restricted stock compensation as non-monetary compensation, etc.」
Disclosed in detail the policy for determining individual compensation based on a February 2021 Board of Directors resolution, the composition of fixed and restricted stock compensation, and the decision-making procedures incorporating the recommendation of the Nomination and Compensation Committee. - FY2019AdvancedAnnual report
「For directors' compensation from fiscal 2021 onward, the Board of Directors plans to consult the Nomination and Compensation Committee following its establishment on 19 December 2019, and the Board of Directors plans to make a decision after deliberation and a recommendation by the Nomination and Compensation Committee, within the limits determined by resolution of the General Meeting of Shareholders」
In addition to restricted stock compensation, specified the procedures and timing for determining compensation from fiscal 2021 onward following deliberation and a recommendation by the Nomination and Compensation Committee. - FY2018AdvancedAnnual report
「At the 72nd Annual General Meeting of Shareholders held on 21 December 2017, shareholders approved a resolution setting the total amount of monetary compensation receivables to be paid as compensation, etc. in the form of restricted stock to directors (excluding directors who are Audit and Supervisory Committee members and outside directors) at no more than ¥60 million per year (excluding the salary portion for the employee duties of directors who concurrently serve as employees).」
Documented the specific framework for restricted stock compensation and the recognition of expenses for the current fiscal year under the executive compensation policy intended to link compensation to performance and enhance corporate value. - FY2016First statedAnnual report
「For compensation of directors (excluding directors who are Audit and Supervisory Committee members), the company periodically reviews compensation levels, forms of compensation and their respective proportions to clarify the link with performance and strengthen directors' motivation to contribute to improved performance and enhanced corporate value over the medium to long term. Within the limits approved by resolution of the General Meeting of Shareholders, the representative director prepares a draft comprising a base compensation component and a performance-based compensation component determined by performance and each officer's contribution, which is then decided by the Board of Directors after incorporating the views of the independent outside directors.」
Recorded the policy on executive compensation, including its link to performance, improvement in performance and corporate value over the medium to long term, base and performance-based compensation, and incorporation of outside directors' views.