Governance structure
Under the restricted stock compensation plan, the timing of grants of the Company’s shares and other equity instruments will be changed to after the end of each fiscal year. If a director leaves office before the grant date, or in similar circumstances, cash equivalent to the market value will be paid instead of shares. Under the performance-linked stock compensation plan, the method for calculating the shares and other equity instruments to be granted will be changed. The limit for Restricted Stock (I) is 120,000 shares per fiscal year, and the limit for Restricted Stock (II) is 240,000 shares per performance assessment fiscal year.
| Item | Details |
|---|---|
| Committee | Compensation Deliberation Committee (percentage of outside members: Not disclosed) |
| Changes this time | Under the restricted stock compensation plan, the timing of grants of the Company’s shares and other equity instruments will be changed to after the end of each fiscal year. If a director leaves office before the grant date, or in similar circumstances, cash equivalent to the market value will be paid instead of shares. Under the performance-linked stock compensation plan, the method for calculating the shares and other equity instruments to be granted will be changed. The limit for Restricted Stock (I) is 120,000 shares per fiscal year, and the limit for Restricted Stock (II) is 240,000 shares per performance assessment fiscal year. |
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.To strengthen incentives for achieving the targets of the new medium-term management plan and further promote long-term corporate value enhancement and value sharing with shareholders.