Abolition of the Directors’ and Executive Officers’ Retirement Benefit Plan
First written in FY2018-Q1. 1 of 2 entries say "Achieved", first in FY2018-Q2. Latest entry: FY2018-Q2.
20 other companies' latest entry also says "Achieved".
- FY2018-Q2AchievedAnnual report
「At a meeting of the Board of Directors held on 14 April 2017, the Company resolved to abolish its former directors' retirement bonus system effective at the conclusion of the 70th Annual General Meeting of Shareholders held on 28 June 2017, and the proposal to make lump-sum payments of retirement bonuses to directors was approved at that meeting.」
The directors' retirement bonus system was abolished following a Board of Directors resolution and approval at the Annual General Meeting of Shareholders. - FY2018-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 14 April 2017, the Company resolved to abolish its former directors' retirement bonus system effective at the conclusion of the 70th Annual General Meeting of Shareholders held on 28 June 2017, and the proposal to make lump-sum payments of retirement bonuses to directors was approved at that meeting. Accordingly, the Company reversed the entire provision for directors' retirement bonuses recorded under provisions in non-current liabilities, and presented the unpaid portion of the lump-sum payments, ¥162 million, as long-term accounts payable included in other non-current liabilities.」
The abolition of the directors' retirement bonus system and lump-sum payments are explicitly stated following approval by the Board of Directors and the Annual General Meeting of Shareholders.