ECHO TRADING CO.,LTD. [7427.T]
TOKYO, Apr 17 (Pulse News Wire) – Echo Trading CO.,LTD. (7427.T) resolved today to amend director compensation levels and establish a remuneration committee at its upcoming annual shareholders' meeting scheduled for May 27, 2026.
The proposed changes include increasing monetary compensation to a yearly cap of [TICKER_0] yen (including up to [TICKER_1] yen for outside directors). Additionally, performance-based bonuses linked to the previous fiscal year's consolidated operating profit achievement rate will be introduced for non-outsider directors. The bonus payout rates range from [TICKER_2]% for achieving [TICKER_3]% or more of the target to [TICKER_4]% for falling below [TICKER_5]%.
Furthermore, the remuneration committee will consist of three or more directors, with a majority being independent outsider directors. The committee’s role includes reviewing individual director compensation packages and ensuring fairness, transparency, and objectivity in the decision-making process. This resolution was made during a board meeting held today and follows extensive deliberation considering economic shifts and increased responsibilities faced by directors since the last adjustment in 2016.
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