TOKYO, Mar 24 (Pulse News Wire) – Mitsui DM Sugar CO.,LTD. (2109.T) amended its performance-based equity compensation plan for directors and executives, excluding audit committee members and outside directors, ahead of the launch of its next medium-term management plan.
The revision was approved during a board meeting held today following continuous discussions in Code Bangou. The primary objective of the amendment is to enhance the alignment between the company's strategic goals and its remuneration system, thereby fostering a stronger commitment among executives towards sustained corporate value enhancement.
The key points of the revised plan include the adoption of ROIC (Return on Invested Capital), relative TSR (the company’s stock price growth rate compared to TOPIX), and ESG metrics as performance indicators. Under the modified scheme, the allocation of total compensation remains unchanged at approximately 60% fixed salary, 25% short-term incentives, and 15% long-term equity awards.
The structure of delivering ordinary shares based on performance targets remains consistent with the framework disclosed on May 20, 2021.
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