TOKYO, Apr 28 (Pulse News Wire) – Chori CO.,LTD. (8014.T) announced changes to its executive compensation structure aimed at enhancing long-term corporate value and aligning incentives with shareholders' interests.
At a board meeting held on April 28, the company decided to increase the proportion of equity-based remuneration within total compensation from 10% to 20%, while reducing variable bonuses from 45% to 35%. Additionally, performance metrics for bonuses have been revised to focus on operating profit rather than pre-tax adjusted net income.
Non-financial criteria such as employee engagement and female management ratios will also factor into equity-based rewards. In another key move, the decision-making process for individual executive compensation levels will now be handled entirely by the board, ensuring greater transparency compared to previous arrangements where the CEO made final determinations.
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