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China Cinda Tightens Governance With New Nomination and Remuneration Committee Mandate

Story Highlights
  • China Cinda established detailed rules for its board Nomination and Remuneration Committee.
  • The committee will oversee selection, evaluation and pay of directors and senior executives.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Cinda Tightens Governance With New Nomination and Remuneration Committee Mandate

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The latest announcement is out from China Cinda Asset Management Co ( (HK:1359) ).

China Cinda Asset Management Co., Ltd. has formalized updated terms of reference for its Nomination and Remuneration Committee, a specialized body under the board of directors tasked with standardizing the selection, evaluation and compensation of directors and senior management. The committee, composed mainly of independent directors, is responsible for setting procedures and standards for appointments, reviewing candidates’ qualifications and independence, and recommending nominations, removals and committee assignments to the board, reinforcing corporate governance and aligning leadership oversight with Hong Kong listing and regulatory requirements.

The most recent analyst rating on (HK:1359) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Cinda Asset Management Co stock, see the HK:1359 Stock Forecast page.

More about China Cinda Asset Management Co

China Cinda Asset Management Co., Ltd. is a major Chinese financial institution focused on asset management, including distressed asset resolution and related investment services, and is listed in Hong Kong with both ordinary and preference shares. The company operates under the regulatory framework of mainland China and Hong Kong, with a governance structure that emphasizes board oversight and specialized committees.

Average Trading Volume: 118,155,377

Technical Sentiment Signal: Buy

Current Market Cap: HK$50.38B

See more insights into 1359 stock on TipRanks’ Stock Analysis page.

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