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Mitsui Fudosan : Notice Concerning Revision of the Officer Compensation System（338KB）
Mitsui Fudosan : Notice Concerning Revision of the Officer Compensation
About this update from Mitsui Fudosan Co., Ltd.
[{"type":"text","content":"March 27, 2025 Mitsui Fudosan Co., Ltd.Notice Concerning Revision of the Officer Compensation SystemMitsui Fudosan Co., Ltd. (the “Company”) formulated & INNOVATION 2030, the Group’s Long-Term Vision, in April 2024. In light of the need to encourage contributions that help realize this Long-Term Vision, the Company resolved to revise its current officer compensation system (the “Revision”) for directors and corporate auditors at a meeting of its Board of Directors held on March 27, 2025. Brief details are provided as follows.Meanwhile, plans are in place to submit an agenda item regarding the Company’s stock compensation system for approval at its 113th Ordinary General Shareholders’ Meeting to be held on June 27, 2025 in accordance with the Revision.1. Overview of the Revision (1) Reinforcing the link with the Group’s Long-Term VisionIn light of the need to encourage contributions that help realize the Long-Term Vision, the Revision is designed to reinforce the link between officer compensation and KPIs for the Group’s Long-Term Vision with respect to performance-based compensation comprising bonuses and stock compensation.(2) Revision of the stock compensation systemThe Company plans to introduce restricted stock units in a bid to secure funds for taxes payable at the time restricted stock transfer restriction are lifted in order to further enhance the operability of the stock compensation system.2.Policy on the Officer Compensation System(1) Basic compensation system policy①Create a framework and mechanism that strongly motivates officers to increase corporate value over the short and medium term in a bid to realize the Group’s Long-Term Vision②Create a framework and mechanism that enables the sharing of further value with shareholders③Establish competitive levels of recruitment and the retention of human resources that are comparable to competing corporate groups④Put in place an objective and transparent compensation system that facilitates and enables accountability to stakeholders(2) Compensation determination process by individualDirectorsPut in place a proposal draft for the amount to be paid based on the basic officer compensation policy and each compensation determination method; the compensation determination process by individual is determined by the Board of Directors following deliberation by the Compensation A...