Mitsubishi Electric to Announce About Introduction of Performance-based Stock Compensation Plan for the Executive Officers
May 28 2015 - 2:00AM
Business Wire
Mitsubishi Electric Corporation (TOKYO:6503) announced today
that, at the Compensation Committee’s meeting held on May 28, 2015,
the company has resolved to revise the compensation scheme for the
Executive Officers and to adopt, as a new incentive plan, a
performance-based stock compensation plan, with the main purposes
of realizing a higher level of growth and further developing
management awareness that places importance on the interest of
shareholders.
The full document on Mitsubishi Electric’s announcement of the
introduction of performance-based stock compensation plan for the
executive officers can be accessed at the following link:
www.MitsubishiElectric.com/news
About Mitsubishi Electric
Corporation
With over 90 years of experience in providing reliable,
high-quality products, Mitsubishi Electric Corporation (TOKYO:6503)
is a recognized world leader in the manufacture, marketing and
sales of electrical and electronic equipment used in information
processing and communications, space development and satellite
communications, consumer electronics, industrial technology,
energy, transportation and building equipment. Embracing the spirit
of its corporate statement, Changes for the Better, and its
environmental statement, Eco Changes, Mitsubishi Electric endeavors
to be a global, leading green company, enriching society with
technology. The company recorded consolidated group sales of
4,323.0 billion yen (US$ 36.0 billion*) in the fiscal year ended
March 31, 2015. For more information visit:http://www.MitsubishiElectric.com*At an exchange
rate of 120 yen to the US dollar, the rate given by the Tokyo
Foreign Exchange Market on March 31, 2015
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