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Monogatari Corporation Introduces ESG-Linked Stock Compensation Plan

Story Highlights
  • Monogatari Corporation introduces a stock plan for directors linked to ESG targets.
  • The plan aims to align directors’ interests with shareholders by lifting share restrictions based on ESG achievements.
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Monogatari Corporation Introduces ESG-Linked Stock Compensation Plan

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The latest update is out from Monogatari Corporation ( (JP:3097) ).

Monogatari Corporation has announced the introduction of a new restricted stock compensation plan for its directors, linked to the achievement of ESG-related numerical targets. This plan aims to incentivize directors to meet these targets and align their interests with shareholders. The plan will be presented for approval at the upcoming Annual General Meeting, with a maximum annual compensation of 15 million yen and up to 5,000 shares issued per year. The plan includes provisions for transfer restrictions on shares, which will be lifted based on the achievement of ESG targets, such as employee turnover rate and the ratio of female managers.

More about Monogatari Corporation

Average Trading Volume: 275,236

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen169.7B

For an in-depth examination of 3097 stock, go to TipRanks’ Overview page.

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