Taihei Machinery Works,Limited [6342.T]
TOKYO, Apr 13 (Pulse News Wire) – Taihei Machinery Works,limited (6342.T) announced today that its board of directors resolved to revise the individual compensation determination process for directors, excluding audit committee members, effective from fiscal year 2026. The revision aims to enhance transparency, fairness, and objectivity in determining director compensations based on performance metrics such as dividend payouts and employee bonuses.
Previously, the general manager of the administrative department formulated compensation proposals according to established guidelines and indicators. Under the revised process, anonymous self-assessments will be conducted by directors on their roles and responsibilities, followed by individual interviews led by the president to validate the assessment outcomes. Audit committee members will observe these meetings to ensure transparency and fairness.
Compensation proposals will now be developed considering overall performance evaluations, evaluation results, and company performance, and reviewed by an independent remuneration committee comprising external directors. Final approval will be obtained through the audit committee's recommendations and subsequent board resolution. This updated procedure will apply to individual director compensations paid out during the fiscal year beginning in 2026.
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