Regarding the convergence project, Chairman Seidman commented on the progress made by the FASB and IASB on converged standards on business combinations, stock compensation, nonmonetary exchanges, fair value measurements, and comprehensive income.
Stock-based compensation expense is impacted by the Company's future hiring and retention needs and the future fair market value of the Company's common stock, all of which are difficult to predict and subject to constant change.
The stock compensation type stock option plan was abolished with the approval of the 14th Annual General Meeting of Shareholders held on March 28, 2017.
Regarding stock remuneration, officers are granted points each year during their terms of office, and when the officers retire, stock remuneration corresponding to the accumulated number of points is paid at one time from a trust.
Performance-based remuneration is composed of monetary remuneration and stock-based compensation, and the standard ratio of stock-based compensation is 9% to 25% of the total remuneration amount, according to position(revised in April 2019).
Continue initiatives to improve corporate governance, including in response to the revision of the Corporate Governance Code(e.g. introduce an executive officer stock compensation plan overseen by the Nomination and Compensation Advisory Committee).
The stock remuneration amount is the provision for stock payment during this fiscal year based on the performance-based stock remuneration plan introduced by resolution at the 2015 General Meeting of Shareholders and the amount to pay to directors that have retired.
These non-GAAP financial measures exclude stock-based compensation expense, litigation-related expenses, amortization of acquisition-related intangible assets, other non-recurring charges or benefits, and the income tax effect of these non-GAAP exclusions.
To be precise, it's a stock option scheme with share-based compensation regarding the stock price conditions, that offers advantages to eight executives if the stock price rises.
As noted below, an error was found in the press release dated May 6, 2016, announcing the introduction of a performance-linked stock compensation plan for directors.
GRANT DATE The date at which the entity and another party(including an employee) agree to a share-based payment arrangement, being when the entity and the counterparty have a shared understanding of the terms and conditions of the arrangement.
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