Performance-Linked Director Compensation
First written in FY2017. 6 of 10 entries say "Advanced", first in FY2018. Latest entry: FY2024-Q2.
77 other companies' latest entry also says "Advanced".
- FY2024-Q2AdvancedAnnual report
「Based on a resolution of the Board of Directors meeting held on 24 July 2023, the Bank extended the trust period of this plan by 5 years, from 31 August 2023 to 31 August 2028. It also made an additional contribution of ¥224 million and acquired 112 thousand of the Bank's shares in the stock market in August 2023.」
For the executive compensation BIP trust, the Bank extended the trust period by 5 years to 31 August 2028 and acquired 112 thousand shares through an additional contribution of ¥224 million. Following the decision in the previous fiscal year to continue the plan, implementation has now begun. - FY2024-Q1AdvancedAnnual report
「In addition, at its Board of Directors meeting held on 24 July 2023, the Bank resolved to extend the trust period of this plan by 5 years, from 1 August 2018 to 31 August 2023, and to make an additional contribution of ¥224 million in August 2023 to acquire the Bank's shares.」
For the executive compensation BIP trust, the Bank resolved to extend the trust period by 5 years and make an additional contribution of ¥224 million in August 2023 to acquire shares. This formalizes the continuation of the plan's operation. - FY2022RestatedAnnual report
「Compensation for the Bank's directors and executive officers consists of basic compensation, bonuses and performance-linked stock compensation, under which shares are delivered upon retirement. To clarify their commitment to increasing corporate value through sound and sustainable growth, the Bank's policy is to link all of these forms of compensation, under a prescribed formula, to performance for each fiscal year, namely consolidated core net business income on a normalized basis and net income attributable to owners of the parent.」
The Bank continues to operate a compensation system linked to consolidated core net business income on a normalized basis and net income attributable to owners of the parent. - FY2020AdvancedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 15 May 2020, the Bank revised its executive compensation system to increase incentives for improving performance through integrated management of the group, including consolidated subsidiaries. Specifically, the performance-linked compensation metrics were changed from the Bank's standalone core net business income on a normalized basis and net income to the group's consolidated core net business income on a normalized basis and net income attributable to owners of the parent.」
The performance metrics for executive compensation were changed from a standalone basis to a consolidated basis, strengthening the link with integrated group management. - FY2020-Q1RestatedAnnual report
「The Bank has introduced a performance-linked stock compensation plan through a BIP trust for directors, excluding directors who are Audit and Supervisory Committee members and outside directors, and executive officers. The plan is intended to heighten awareness of contributing to improved medium- to long-term performance and increased corporate value. Directors and executive officers are collectively referred to below as "directors and executive officers."」
The Bank has reconfirmed the operation of the performance-linked stock compensation plan through a BIP trust for directors and executive officers. - FY2019RestatedAnnual report
「Compensation for the Bank's directors, excluding directors who are Audit and Supervisory Committee members, consists of basic compensation, bonuses and performance-linked stock compensation. To clarify their commitment to increasing corporate value through sound and sustainable growth, the Bank's policy is to link all of these forms of compensation, under a prescribed formula, to performance for each fiscal year, namely core net business income on a normalized basis (*) and net income.」
The Bank operates a compensation system that includes performance-linked stock compensation, with a policy of linking compensation to core net business income on a normalized basis and net income. - FY2019-Q2AdvancedAnnual report
「From the current interim consolidated accounting period, the Bank has introduced a performance-linked stock compensation plan through a BIP trust for directors, excluding directors who are Audit and Supervisory Committee members and outside directors, and executive officers. The plan is intended to heighten awareness of contributing to improved medium- to long-term performance and increased corporate value. Directors and executive officers are collectively referred to below as "directors and executive officers."」
The performance-linked stock compensation plan was actually introduced from the current interim consolidated accounting period, and the BIP trust holds 1,077 thousand shares, or 215 thousand shares after the share consolidation. - FY2019-Q1AdvancedAnnual report
「At its Board of Directors meeting held on 11 May 2018, the Bank resolved to abolish the retirement benefit allowance system for directors and executive officers upon the conclusion of the Annual General Meeting of Shareholders held on 26 June 2018. The General Meeting of Shareholders also approved the payment of accrued retirement benefit allowances upon discontinuation of the system.」
The retirement benefit allowance system for directors and executive officers was abolished upon the conclusion of the Annual General Meeting of Shareholders, and the payment of accrued allowances was also approved. This indicates the implementation stage of abolishing the existing system in preparation for the transition to a performance-linked stock compensation plan. - FY2018AdvancedAnnual report
「Beginning in the fiscal year ending March 2019, the company introduced a performance-linked stock compensation plan using a trust (the “Plan”).」
Resolved to abolish the retirement benefit allowance system and introduce a performance-linked stock compensation plan covering the 5 fiscal years ending March 2019 through the fiscal year ending March 2023. - FY2017First statedAnnual report
「Compensation for directors, excluding outside directors, consists of monthly compensation, bonuses, and retirement allowances. To clearly demonstrate the commitment to enhancing corporate value through sound and sustainable growth, compensation is linked each fiscal year to performance, namely core banking net business profit and net income, according to a specified formula.」
The company describes a system under which compensation for directors, excluding outside directors, is linked under a specified formula to core banking net business profit and net income.