Governance structure
The company plans to transition to a company with an Audit & Supervisory Committee (the current governance structure is not specified).The Board of Directors resolved to review the executive compensation system and introduce a post-delivery performance-linked stock compensation plan. In connection with the transition to a company with an Audit & Supervisory Committee, the company plans to establish compensation and other benefits for directors who are not Audit & Supervisory Committee members.
| Item | Details |
|---|---|
| Corporate Governance Structure | The company plans to transition to a company with an Audit & Supervisory Committee (the current governance structure is not specified). |
| Number of directors | There are currently 9 directors, including 3 outside directors. If the proposals at the Annual General Meeting of Shareholders are approved, the company is expected to have 8 directors who are not Audit & Supervisory Committee members, including 3 outside directors. |
| Changes this time | The Board of Directors resolved to review the executive compensation system and introduce a post-delivery performance-linked stock compensation plan. In connection with the transition to a company with an Audit & Supervisory Committee, the company plans to establish compensation and other benefits for directors who are not Audit & Supervisory Committee members. |
Items this document does not state (5)
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 commitment of eligible directors to achieving management targets, share the benefits and risks of share price movements with shareholders, and increase their motivation to contribute to share price appreciation and the enhancement of corporate value over the medium to long term.