Governance structure
The executive compensation system was revised, with compensation for internal directors and others comprising fixed compensation, performance-linked bonuses and performance-linked restricted stock compensation. The ratio of fixed to variable compensation was changed to approximately 50:50 when performance is at the standard level, and performance achievement conditions were added to the stock compensation.
| Item | Details |
|---|---|
| Committee | Nomination and Compensation Advisory Committee (voluntarily established). The proportion of outside members is not disclosed. |
| Changes this time | The executive compensation system was revised, with compensation for internal directors and others comprising fixed compensation, performance-linked bonuses and performance-linked restricted stock compensation. The ratio of fixed to variable compensation was changed to approximately 50:50 when performance is at the standard level, and performance achievement conditions were added to the stock compensation. |
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 pursue further enhancement of corporate value following the launch of the new medium-term management plan, to attract and retain a capable and diverse management team, to motivate management to enhance corporate value over the medium to long term and help resolve social issues, and to establish a system with a high level of fairness, transparency and acceptability.