must be clearly specified in order to avoid any doubt whether internal information is used to the benefit of the executives. The program must be administered by an intermediary, such as a securities
the company’s annual report and the SEC Form 56-1. - The SEC Form 56-1 disclosure remains unchanged. To the extent that disclosure is required pursuant to SEC Form 56-1, a company is expected to
the company’s annual report and the SEC Form 56-1. - The SEC Form 56-1 disclosure remains unchanged. To the extent that disclosure is required pursuant to SEC Form 56-1, a company is expected to
should not be too high so as to avoid the board excessively focusing on the company’s short-term results. 3.4.4 The board should disclose the directors’ remuneration policy that reflects the duties and