Smith & Nephew Snats (SNN) has released an update.
Smith & Nephew plc has disclosed a transaction involving the purchase of American Depository Receipts (ADRs) on behalf of its Non-Executive Directors as part of their remuneration package, in compliance with the company’s Remuneration Policy. The purchase, which was conducted on the New York Stock Exchange, allows the directors to receive part of their annual fees in company shares, net of taxes and expenses. This financial move aligns director compensation with shareholder interests and reflects the company’s commitment to transparent corporate governance.
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