NO&T Japan Legal Update
英文
I. Introduction
Executives of listed companies in Japan have historically received compensation as a fixed amount of cash that is not linked to company performance. However, in recent years many listed companies in Japan have begun to introduce new types of compensation linked to the company’s financial performance, such as restricted stock or performance shares. This change in executive remuneration is in response to measures taken by the Japanese government and the stock exchange which are intended to improve the mid- to long-term business results and shareholder value of companies listed in Japan as an incentive for sustainable growth. The introduction of the Corporate Governance Code by the Tokyo Stock Exchange in 2015 is one such example.
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