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Beijing Media Corp. Ltd. Class H ( (HK:1000) ) just unveiled an update.
Beijing Media Corporation Limited has formalized detailed Rules of Procedures for its Audit Committee, a special working unit under the board of directors tasked with advising on audit and risk management matters. The new rules define the committee’s role as reporting to the board, set its minimum size at three non-executive directors with a majority of independent non-executive directors, and require at least one member to hold professional accounting or financial management qualifications in line with Hong Kong listing requirements. They also introduce independence safeguards, such as barring former partners of the company’s current auditor from serving on the committee for a specified cooling-off period, and align the committee’s term with that of the board, while detailing appointment, resignation and replacement mechanisms. The committee’s responsibilities include recommending the appointment, reappointment, removal and remuneration of the external auditor and reviewing the annual audit plan, moves that strengthen the company’s governance framework and are intended to enhance oversight of financial reporting and risk control for shareholders and other stakeholders.
The most recent analyst rating on (HK:1000) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Beijing Media Corp. Ltd. Class H stock, see the HK:1000 Stock Forecast page.
More about Beijing Media Corp. Ltd. Class H
Beijing Media Corporation Limited is a Chinese joint stock company with limited liability, listed in Hong Kong, operating in the media and communications sector. The company is governed by the Company Law of the People’s Republic of China and the Hong Kong Listing Rules, and its board structure follows standard corporate governance practices including specialized committees to oversee audit and risk management functions.
Average Trading Volume: 16,605
Technical Sentiment Signal: Sell
Current Market Cap: HK$108.5M
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