Amid the COVID-19 pandemic and the negative affects that has brought for the economy, the Norwegian-based engineering company, Kvaerner is setting precautions so as to reduce any negative influence of the virus upon ongoing projects and future business opportunities.
Specifically, Kvaerner plans to propose at its scheduled general meeting to not pay dividends and a zero increase in the compensation to the company’s directors.
In light of the situation, the company’s CEO proposed a 10% reduction...
https://safety4sea.com/kvaerner-aims-for-zero-dividend-decision-amid-covid-19-pandemic/