SAKURA KCS Corporation [4761.T]
TOKYO, May 29 (Pulse News Wire) – SAKURA KCS Corporation (4761.T) amended its May 13 announcement regarding changes to executive compensation policies. The amendment corrects certain details related to the discontinuation of retirement allowances and the introduction of restricted stock-based remuneration systems for executives.
In the revised statement, the company clarified that the policy applies to directors excluding non-executive directors and executive officers who do not concurrently hold director positions. The aim is to align executives' interests more closely with shareholders by linking their rewards to stock performance and tenure conditions through restricted stock grants.
This replaces the previous system of retirement allowances. Specifically, the amendments detail the cessation of retirement benefits and the adoption of performance-linked and service-conditioned equity awards within the new restricted stock program.
The adjustments reflect the company’s commitment to enhancing long-term corporate value as outlined in its recently published mid-term management plan.
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