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SDK to Revise Amount of Director Compensation (in Money) Following Revision of Director Compensation Scheme and to Partially Revise Performance-Linked Stock Compensation Scheme

ruth
15 minutes

TOKYO, Feb 14, 2022 - (JCN Newswire via SEAPRWire.com) - Showa Denko (SDK; TSE:4004) decided at its board meeting today to submit proposals to the 113th ordinary general meeting of shareholders on March 30, 2022 ("the General Meeting of Shareholders") for revising the amount of director compensation in money following a revision of the director compensation scheme and partially revising the performance-linked stock compensation scheme.1. Background and purpose of the revisionTo achieve its long-term numerical goals set forth in the long-term vision (2021-2030) for the newly integrated company, SDK intends to ensure executive officers' commitment to financial results and enhancement of enterprise value, realization of a co-creation-type chemical company with a commitment to "Change society through the power of chemistry" as well as reflection of the concept of compensation schemes under the long-term vision. Thus, the board resolved to revise the director compensation scheme subject to approval of the General Meeting of Shareholders, and submit proposals concerning revision of the amount of director compensation in money as well as partial revision of the performance-linked stock co...

SeaPRwire

About 50 KTVs and other nightspots not allowed to reopen; others must first clear inspections

aseanpr
2 minutes

SINGAPORE - Around 50 nightlife establishments that flouted Covid-19 rules since October last year will not be allowed to reopen. Others that previously pivoted to food and beverage (F&B) operations must remain closed until they have passed inspections and received a conditional permit, the authorities said. Such outlets were ordered to close for two weeks from July 16, to break the community transmission of the virus from clusters at KTV lounges and nightclubs. If these pivoted nightlife establishments are permitted to reopen, they have to adhere to additional safe management measures, on top of existing ones for the F&B sector, said the Ministry of Sustainability and the Environment in a joint statement on Saturday (July 31) with the Ministry of Trade and Industry and the Ministry of Home Affairs. The additional measures include locking all private rooms and installing closed-circuit television cameras to cover all areas of operation, including the entrances of the locked private rooms. Equipment that facilitate public entertainment, such as pool tables and karaoke machines, must be moved out of their patrons' sight. All employees at these outlets are also required to undergo Cov...

SeaPRwire
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US stocks stage partial rebound from rout

elean
2 minutes

NEW YORK (AFP) - Wall Street stocks staged a partial rebound on Thursday (Jan 28) from the prior session's rout following mixed economic data as shares of GameStop and others continued to gyrate. The Dow Jones Industrial Average finished up 1 per cent at 30,603.36. The broad-based S&P 500 also won 1 per cent to 3,787.38, while the tech-rich Nasdaq Composite Index advanced 0.5 per cent to 13,337.16. Major indices had shed more than 2 per cent on Wednesday due in part to worries about the coronavirus and lofty valuations. Investors had also been rattled by massive jumps in GameStop, AMC Entertainment and others, but the market applauded new restrictions on these trades by TD Ameritrade and Robinhood, analysts said. Wednesday's big fall set the stage for bargain-hunting on Thursday. "The restrictions put in place regarding the retail traders by the platforms... (have) helped to calm the market down," said Quincy Krosby, chief market strategist at Prudential Financial. "The worry in the market was, if this continue at this pace, it could cause even more damage to the overall market." Both GameStop and AMC fell sharply. More on this topic Related Story GameStop plunge wipes out US$11 bi...