Governance structure
The annual remuneration cap for directors will be revised from ¥300 million to ¥500 million, the portion allocated to outside directors from ¥60 million to ¥100 million, and restricted stock compensation from ¥60 million to ¥100 million. The total number of common shares to be issued or disposed of to eligible directors remains capped at 260,000 shares per year, with no other changes.
| Item | Details |
|---|---|
| Committee | Voluntary Nomination and Compensation Committee (chaired by an outside director, with outside directors comprising a majority of the members) |
| Changes this time | The annual remuneration cap for directors will be revised from ¥300 million to ¥500 million, the portion allocated to outside directors from ¥60 million to ¥100 million, and restricted stock compensation from ¥60 million to ¥100 million. The total number of common shares to be issued or disposed of to eligible directors remains capped at 260,000 shares per year, with no other changes. |
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.As the responsibilities expected of directors have become more sophisticated and diverse amid rapid changes in the business environment, the revisions are intended to maintain appropriate remuneration levels commensurate with their responsibilities and secure talented personnel. The revision to restricted stock compensation is intended to strengthen directors’ awareness of the need to achieve sustained increases in corporate value.