Governance structure
The director compensation system will be revised. A performance-linked bonus will be introduced, and eligibility for performance-linked compensation will be expanded from representative directors to executive directors. The eligible recipients and performance metrics for share-based compensation will be changed, the caps on trust contributions and shares, etc. will be lowered, and a clawback provision will be introduced. The cash compensation cap will be changed from a monthly to an annual basis, with the annual cap set at no more than ¥380 million, including no more than ¥80 million for outside directors.
| Item | Details |
|---|---|
| Committee | Nomination and Remuneration Committee (percentage of outside committee members: Not disclosed) |
| Changes this time | The director compensation system will be revised. A performance-linked bonus will be introduced, and eligibility for performance-linked compensation will be expanded from representative directors to executive directors. The eligible recipients and performance metrics for share-based compensation will be changed, the caps on trust contributions and shares, etc. will be lowered, and a clawback provision will be introduced. The cash compensation cap will be changed from a monthly to an annual basis, with the annual cap set at no more than ¥380 million, including no more than ¥80 million for outside directors. |
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 strengthen the linkage with the long-term management vision, enhance incentives for the sustainable growth of corporate value, and strengthen incentives to increase shareholder value. The increased roles and responsibilities expected of outside directors are also cited as a reason.