TOKYO, May 25 (Pulse News Wire) – Kamei Corporation (8037.T) announced today that its board of directors decided to introduce a restricted share compensation plan for directors and auditors during a meeting held. The proposal will be presented for shareholder approval at the company's 113th Annual General Meeting scheduled for June 26, 2026.
Under the new plan, eligible directors and auditors will receive restricted shares aimed at incentivizing sustained corporate value growth and fostering greater alignment with shareholders' interests. The total annual compensation amount for directors will be capped at ¥90 million, with external directors receiving up to ¥13 million. Similarly, the annual compensation for auditors will be limited to ¥15 million, and external auditors will receive up to ¥5 million. Restricted shares will either be granted free of charge or through cash payments converted into stock contributions.
In cases involving free grants, the valuation will be based on the closing price of Kamei’s ordinary shares on the Tokyo Stock Exchange prior to the board resolution date. Shares obtained via cash conversion will be priced reasonably within the same timeframe. Additionally, the plan includes restrictions on transferring these shares until the recipient leaves their designated position. Should a director or auditor depart prematurely without valid reasons, the company reserves the right to reclaim the shares, This initiative underscores Kamei's commitment to aligning executive incentives with long-term corporate performance and enhancing stakeholder engagement.
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