TOKYO, May 14 (Pulse News Wire) – PIA Corporation (4337.T) decided to amend director compensation caps at its board meeting held. The proposed changes will be presented at the upcoming 53rd annual shareholders' general meeting scheduled for June 20, 2026.
Under the amendment proposal, the annual monetary compensation cap for directors would increase from within ¥600 million to within ¥1 billion. The current cap was last approved at the 30th annual shareholders' general meeting on June 26, 2003, set at within ¥600 million per annum (excluding employee salaries). The rationale behind the revision includes significant shifts in economic and social conditions since 2003, post-pandemic performance adjustments, and a strategic focus on achieving sustainable growth towards becoming a century-old enterprise.
Following deliberation through the remuneration advisory committee's review and recommendation, the board concluded that the adjustment to within ¥1 billion annually represents a 23-year update reflecting the company’s evolving landscape. Should the candidate appointment at the June 20, 2026, meeting pass, the number of directors will total 12. As previously, the revised compensation does not include employee salaries.
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