Policy for Determining Directors' Compensation as Base Compensation Only
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2025.
62 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The company provides only fixed compensation, rather than an incentive-based compensation system, such as performance-linked compensation or non-monetary compensation represented by stock-based compensation, and its basic policy is to set each director's compensation at an appropriate level based on the director's responsibilities.」
The company continues to follow the policy of limiting directors' compensation to fixed compensation. - FY2021First statedAnnual report
「As our company is a holding company whose directors' roles are primarily administrative and supervisory, including management guidance and management control, our basic policy is to provide only fixed compensation, rather than an incentive-based compensation system, such as performance-linked compensation or non-monetary compensation represented by stock-based compensation, and to set each director's compensation at an appropriate level based on the director's responsibilities.」
At a board meeting held on 19 February 2021, the company approved an individual compensation policy providing directors with only fixed compensation, rather than performance-linked or stock-based compensation.