Executive compensation design that does not include performance-linked compensation
First written in FY2019. 1 of 3 entries say "Reframed", first in FY2021. Latest entry: FY2023.
- FY2023RestatedAnnual report
「Compensation for directors, excluding directors who are Audit & Supervisory Committee members, comprises 1. base compensation, 2. short-term performance-linked compensation, and 3. share-based compensation.」
The group continues to use an executive compensation structure comprising base compensation, short-term performance-linked compensation and share-based compensation. Directors who are Audit & Supervisory Committee members receive fixed compensation only. - FY2021ReframedAnnual report
「Compensation for directors, excluding directors who are Audit & Supervisory Committee members, comprises 1. base compensation, 2. short-term performance-linked compensation, and 3. share-based compensation.」
The compensation structure changed from the previous disclosure stating that performance-linked compensation was not included to a structure including short-term performance-linked compensation and share-based compensation. Directors who are Audit & Supervisory Committee members receive fixed compensation only. - FY2019First statedAnnual report
「The company's executive compensation does not include performance-linked compensation. Compensation for directors, excluding outside directors, comprises fixed compensation, bonuses and stock option compensation, while compensation for outside directors comprises fixed compensation and bonuses.」
The company describes a compensation structure that excludes performance-linked compensation, comprising fixed compensation, bonuses and stock option compensation for internal directors and fixed compensation and bonuses for outside directors.