Sumitomo Metal Mining enhances director pay with restricted shares

Sumitomo Metal Mining (TSE: 5713) is revamping its director compensation structure with a new restricted share-based compensation plan, designed to incentivize sustainable growth and enhance shareholder value. The plan will be submitted for approval at the 100th Ordinary General Meeting of Shareholders on June 26, 2025. Under the proposed plan, eligible directors, excluding the chairman and outside directors, will receive restricted shares linked to company performance, with metrics including profit levels and safety records.