Administration of Executive Compensation Through Performance-Linked Compensation and Share-Purchase Compensation
First written in FY2020. 1 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2023-Q1.
27 other companies' latest entry also says "Achieved".
- FY2023-Q1AchievedAnnual report
「At the 66th Annual General Meeting of Shareholders held on 24 June 2022, the Company resolved to make lump-sum payments of retirement allowances to directors and Audit & Supervisory Board members in connection with the abolition of the directors' retirement allowance system. Accordingly, the Company reversed the entire provision for directors' retirement allowances and presented the ¥119.337 million previously recorded in that provision as long-term accounts payable, included in Other under non-current liabilities.」
The lump-sum payments associated with the abolition of the directors' retirement allowance system were approved at the shareholders' meeting held on 24 June 2022, and the entire ¥119.337 million provision was reversed. - FY2022AdvancedAnnual report
「At a meeting of the Board of Directors held on 23 May 2022, the Company resolved to abolish the directors' retirement allowance system at the close of the 66th Annual General Meeting of Shareholders held on 24 June 2022.」
Regarding the director and officer compensation system, the Company decided to abolish the directors' retirement allowance system in addition to administering performance-linked and share acquisition-purpose compensation. - FY2020First statedAnnual report
「Directors' compensation consists of base compensation, performance-linked compensation, share acquisition-purpose compensation and directors' retirement allowances. Base compensation and performance-linked compensation are each set at 50%, with share acquisition-purpose compensation added separately.」
The director and officer compensation system, comprising base compensation, performance-linked compensation, share acquisition-purpose compensation and retirement allowances, and the policy of linking compensation to business performance and shareholder perspectives, have been described as an independent theme for the first time.