Governance structure
Continue the executive share compensation plan and add outside directors as eligible recipients of fixed points. Extend the trust period of the BIP Trust (business incentive plan trust), and set separate maximum trust amounts and point limits for outside directors. Change the performance metrics and the methods for granting points and delivering shares.
| Item | Details |
|---|---|
| Committee | Nomination, Compensation and Governance Committee; independent outside directors comprise a majority, and an independent outside director serves as chair |
| Changes this time | Continue the executive share compensation plan and add outside directors as eligible recipients of fixed points. Extend the trust period of the BIP Trust (business incentive plan trust), and set separate maximum trust amounts and point limits for outside directors. Change the performance metrics and the methods for granting points and delivering shares. |
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 clarify the link between compensation for directors and other officers and the Company's share value, encourage contributions to improved performance and corporate value over the medium to long term, and promote value sharing with shareholders. Also, to align the plan with the period covered by the new medium-term management plan.