Further Reductions in Remuneration for Directors and Executive Officers
Yamaha Motor Co., Ltd. (the “Company”) has decided to further
reduce remuneration for Directors and Executive Officers from the previous year,
reflecting the poor results for the fiscal year ended December 31, 2009,
and the suspension of its dividend payment, both officially announced today.
The Company also accepted the Corporate Auditors’ offer to forgo a portion of their remuneration.
1.Reduction of Directors’ remuneration
･No bonuses to Directors (continuing in 2010)
･15 to 30% reduction in monthly remuneration (10 to 20% in 2009)
2.Reduction of Executive Officers’ remuneration
･No bonuses (continuing in 2010)
･15% reduction in monthly remuneration (10% in 2009)
･Forgoing 20% of their monthly remuneration (15% in 2009)
Reduction of managers’ monthly remuneration remains the same as the previous year, at 5%.
Note:
The further reductions in the monthly remuneration of Directors,
Executive Officers and Corporate Auditors described above are scheduled
to remain effective from February 2010 through December 2010.
