Introduction of a Performance-Linked Share Compensation Plan
First written in FY2017. 1 of 2 entries say "Advanced", first in FY2021. Latest entry: FY2021.
The whole theme swung hardest in 2020: 4 of 30 companies on the "Worse" side.
32 other companies' latest entry also says "Advanced".
- FY2021AdvancedAnnual report
「In addition, based on a resolution of the Board of Directors meeting held on 16 September 2020, the Company introduced a similar performance-linked share-based compensation plan for executive officers.」
The performance-linked share-based compensation plan introduced for directors in 2017 was expanded to executive officers by resolution of the Board of Directors in September 2020. - FY2017First statedAnnual report
「Pursuant to a resolution at the 57th Annual General Meeting of Shareholders held on 21 June 2017, the Company introduced a performance-linked stock compensation plan for directors, excluding outside directors and non-executive directors, in addition to base compensation and bonuses, with the aim of increasing their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The Company introduced a system under which points are awarded based on performance achievement and other factors, and shares are delivered upon retirement, following approval at the June 2017 General Meeting of Shareholders.