Beijing Jingcheng Machinery Electric Sets Formal Mandate for Board Nomination Committee

Beijing Jingcheng Machinery Electric Co Ltd Class H ( (HK:0187) ) just unveiled an update.

Beijing Jingcheng Machinery Electric Company Limited has formalised the terms of reference for its Board Nomination Committee, a specialised body responsible for overseeing the selection, appointment and removal of directors and senior management, in line with Chinese company law, corporate governance codes and the company’s articles of association. The committee will comprise three directors, mostly independent and including at least one of a different gender, and will handle board size and composition recommendations, define selection criteria and procedures, assess the independence of independent directors, and develop succession and cultivation plans for leadership, which collectively aim to strengthen the company’s governance structure and ensure a more transparent, structured and diversified management and board appointment process for stakeholders.

The most recent analyst rating on (HK:0187) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Beijing Jingcheng Machinery Electric Co Ltd Class H stock, see the HK:0187 Stock Forecast page.

More about Beijing Jingcheng Machinery Electric Co Ltd Class H

Beijing Jingcheng Machinery Electric Company Limited is a PRC-incorporated joint stock company listed in Hong Kong that operates in the machinery and electrical equipment industry. The company is governed by PRC company law and listed company governance codes, indicating a focus on compliance with corporate governance best practices and board-level oversight in its operations.

Average Trading Volume: 3,589,850

Technical Sentiment Signal: Buy

Current Market Cap: HK$6.59B

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