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Governance8157TSUZUKI DENKI CO.,LTD.Information and Communications, Services and Others

Notice Regarding the Continuation and Partial Revision of the Share-Based Compensation Plan for the Company's Directors

The stock compensation plan for directors and executive officers will be extended for 3 years and revised to award points based on the degree of achievement of performance targets and other criteria. For directors, the plan will have a contribution cap of ¥240 million, an annual cap of 30,000 points, and a cap of 90,000 shares over the eligible period.

Worth reading
50Recurring
Scored from 1 of 5 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
240
¥ millions (trust contribution cap per eligible period for directors)
Wording
Conditional
How definitive the wording is.

Governance structure

Committee1
Nomination and Remuneration Committee (percentage of outside committee members: 非開示)
Changes this time

The stock compensation plan will continue with partial revisions. The trust period will be extended by 3 years, and the plan will be changed to award points based on the degree of achievement of performance targets and other criteria. For directors, the trust contribution cap will be ¥240 million, the annual cap will be 30,000 points, and the share cap for the eligible period will be 90,000 shares.

Governance structure
ItemDetails
CommitteeNomination and Remuneration Committee (percentage of outside committee members: Not disclosed)
Changes this timeThe stock compensation plan will continue with partial revisions. The trust period will be extended by 3 years, and the plan will be changed to award points based on the degree of achievement of performance targets and other criteria. For directors, the trust contribution cap will be ¥240 million, the annual cap will be 30,000 points, and the share cap for the eligible period will be 90,000 shares.
Items this document does not state (6)
Corporate Governance StructureNumber of directorsNumber of independent officersPolicy on cross-shareholdingsTakeover defensesControlling shareholder

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 improve performance over the medium to long term, increase corporate value, maximize shareholder value, promote alignment of interests with shareholders, and strengthen management's focus on shareholders.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Notice Regarding the Continuation and Partial Revision of the Share-Based Compensation Plan for the Company's Directors | TSUZUKI DENKI CO.,LTD. (8157) timely disclosure | Komori