Recent Trends on Regulations on Stock-Based Compensation in Japan

著者等: 齐藤元树

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出版社: 长岛・大野・常松律师事务所

书籍名或刊登 杂志: NO&T Japan Legal Update 第18号（2019年7月）

语言: 英文

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请注意，本简报的目的是提供信息，并非提供法律建议。另外，本简报仅包括根据发行日(制作日)时点的信息，不包括该时点之后的信息。特别是速报可能会与现状的解释或惯例不同，敬请留意。

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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