Over half of respondentsreported that their raise was due to improved company performance, and 64% reported that their raise was due to meeting or exceeding their own personal targets and goals.
We strive for fair and appropriate wage levels and welfare arrangements, taking into account regional and industry standards in each country,competitiveness of the labor market and company performance.
Executive Officer performance reward is to be determined by distributing a payment pool,linked to company earnings for the previous term, among Directors based on personal performance(0-200% allocation ratio).
Identify other sensitive data that doesn't necessarily fall under the category of"crown jewels."For example,customer lists or yet-to-be-released press releases and company results.
In the fiscal year ended February 28, 2018, SEVEN-ELEVEN(BEIJING)clarified and comprehensively implemented rules on company results, individual evaluations, and determination of bonuses in order to accurately reflect the company's results and individual work performance in wages.
The Board of Directors shall set internal regulations on directors' remuneration upon obtaining the opinions of the Nomination and Remuneration Advisory Committee, comprising all Independent Executive Directors, and determine the amount of remuneration of individualDirectors within the above-mentioned limit of monthly remuneration according to the Company's business performance and other criteria.
Even company X mentioned above, after explaining indicators used for performance-based compensation determination in large numbers and in detail, only described the method of determining theamount by saying,"determined by the compensation committee in consideration of company performance, each director's contribution, etc.
(3)Regarding the policies and procedure adopted by the board of directors for determining the remuneration paid to the senior management and directors, while the company does not adopt productivity-linked remuneration for our directors and executive officers, their remuneration will be determined based on thecomprehensive evaluation of individuals as well as the company's performance and so within the specified range.
Performance-based remuneration shall be linked with the business performance of the Company and determined based on the results of key performance indicators(KPIs).
Compensation for Directors(full-time) and Executive Officers consists of three elements: fixed compensation,bonuses related to the business performance of the Company and the performance of the individual and stock options.
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