Abolition of directors’ and audit & supervisory board members’ retirement bonuses
First written in FY2019. 1 of 3 entries say "Advanced", first in FY2020-Q1. Latest entry: FY2020.
27 other companies' latest entry also says "Achieved".
- FY2020AchievedAnnual report
「As a result, the provision for directors' retirement benefits was reversed during the consolidated accounting year. The ¥481 million unpaid amount arising from the lump-sum payment at the end of the consolidated accounting year is presented as other non-current liabilities under non-current liabilities, as a long-term payable.」
For the full year, the filing records the reversal of the provision following the abolition of the directors' retirement benefit plan and the transfer of the ¥481 million unpaid amount arising from the lump-sum payment. - FY2020-Q1AdvancedAnnual report
「As a result, the provision for directors' retirement benefits was reversed during the first quarter consolidated accounting period. The ¥481 million unpaid amount arising from the lump-sum payment at the end of the first quarter consolidated accounting period is presented as other non-current liabilities under non-current liabilities, as a long-term payable.」
The provision was reversed following the abolition of the directors' retirement benefit plan, and the ¥481 million unpaid amount arising from the lump-sum payment was recorded as a long-term payable. - FY2019First statedAnnual report
「At a Board meeting held on 15 March 2019, we reviewed the executive compensation system, resolved to abolish the directors' retirement benefit plan and introduce a new performance-linked stock compensation plan using a trust, and submitted the related proposals to the 64th Annual General Meeting of Shareholders held on 23 May 2019, where they were approved.」
States that the directors' retirement benefit plan was abolished by shareholder resolution on 23 May 2019 and replaced with a curtailed payment based on the period of service.