TRADERS HOLDINGS CO.,LTD. [8704.T]
TOKYO, May 22 (Pulse News Wire) – Traders Holdings CO.,LTD. (8704.T) decided at its board meeting today to discontinue its executive retirement benefits program and propose the termination payment plan to its upcoming annual shareholders' meeting scheduled for June 24, 2026.
The move is part of efforts to enhance corporate governance and improve transparency, objectivity, and clarity in executive compensation structures. The company aims to align incentives more closely with long-term corporate value enhancement. As such, the retirement benefit system will be abolished effective upon the conclusion of the 27th regular shareholders’ meeting on June 24, 2026.
In conjunction with the discontinuation, the company plans to make lump-sum payments to external directors who are not audit committee members and to directors who are audit committee members based on their service periods since the inception of the program in June 2022 up until the end of the shareholders' meeting. Specific details regarding the amount, timing, and method of payment will be determined by the board for non-audit committee external directors and by the audit committee for audit committee directors. Regarding potential impacts on performance, the company stated that the effect would be minor as it had previously accounted for future retirement benefit payouts according to established standards.
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