Mitsubishi Electric to Announce About Introduction of Performance-based Stock Compensation Plan for the Executive Officers
May 28, 2015 | By Business Wire News
TOKYO
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
View source version on businesswire.com: http://www.businesswire.com/news/home/20150527006782/en/
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