Governance structure
A performance-linked share compensation plan will be introduced in place of the current restricted stock compensation plan. Subject to approval of the proposal, the current plan will be abolished and no new restricted stock will be allocated. Restricted stock already granted will remain in effect.
| Item | Details |
|---|---|
| Committee | Name Nomination and Compensation Advisory Committee / Percentage of outside members A majority are independent outside directors |
| Changes this time | A performance-linked share compensation plan will be introduced in place of the current restricted stock compensation plan. Subject to approval of the proposal, the current plan will be abolished and no new restricted stock will be allocated. Restricted stock already granted will remain in effect. |
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 eligible directors and the Company's performance and share value, and to raise their awareness of contributing to medium- to long-term performance improvement and increased corporate value by sharing with shareholders the returns and risks arising from share price fluctuations. The change is also intended to strengthen the independence, objectivity and accountability of the Board of Directors.