MOL reveals employee stock purchase incentive program

Japan’s shipping major Mitsui O.S.K. Lines (MOL) has announced an incentive program to encourage employees to acquire company shares.

The shipping giant will provide special incentive payment for purchasing shares of MOL common share through the “MOL Employee Shareholding Association” to the members of the association.

The MOL Group will offer a special incentive grant equivalent to about 30 shares per person to all members who fulfill the conditions for the grant and purchase the shares on the stock market through the association.

The members contribute the special incentive funds to the shareholding association.

The shareholding association will use the funds to purchase the company’s shares on the market and grant them to the members.

The acquired shares are allocated to and managed by the members of the shareholding association through the securities companies to which the association has entrusted its shareholding operations.

This program is designed to raise employees’ awareness of the need to participate in management, MOL said, and to improve their engagement with the group’s overall business.

The MOL Group promotes “human capital management”, views personnel as “capital,” and maximizes