TOKYO, Apr 21 (Pulse News Wire) – World CO.,LTD. (3612.T) resolved to amend its share-based compensation plan for directors to enhance long-term corporate value and align interests with shareholders.
The changes, aimed at fostering greater value-sharing between executives and stakeholders, will be presented for shareholder approval at the upcoming annual general meeting scheduled for May 28, 2026. Under the revised plan, directors will receive restricted shares based on performance criteria, subject to vesting conditions tied to their roles within the company. The vesting period will now extend until either six months post resignation or retirement from a predefined position, or upon submission of the securities report related to the fiscal year during which the grant was made. Additionally, the eligibility for receiving such grants will shift from merely holding director positions to occupying designated roles within the organization. Furthermore, existing restricted shares granted prior to the amendment will also undergo adjustments contingent on the agreement of the respective directors.
The total monetary compensation for granting restricted shares remains capped at an annual amount of ¥40 million, falling within the broader framework of approved remuneration limits set forth since 2015. The amended scheme stipulates that directors will contribute cash rewards received under this program towards acquiring ordinary shares of the company, with issuance caps annually set at 80,000 shares. Specific allocations among individual directors will be determined by the board, respecting recommendations from the nomination and remuneration committee. Each recipient's per-share payment price will be decided by the board, ensuring it does not favor the recipients disproportionately compared to prevailing market rates. This restructuring underscores World Co.'s commitment to reinforcing executive accountability and alignment with shareholder objectives through strategic modifications to its incentive structure.
🟢 Confidence: High AI-translated content.