China Communications Services Sets Formal Nomination Committee Charter to Strengthen Board Governance

China Communications Services ( (HK:0552) ) just unveiled an update.

China Communications Services Corporation Limited has formalised a Nomination Committee Charter, setting out the structure, responsibilities and operating procedures of its board-level nomination committee, which is tasked with overseeing director nominations in line with PRC laws, listing rules and the company’s internal governance framework. The Charter specifies that the committee will consist of at least three members, with a majority being independent non-executive directors and at least one director of a different gender, and that it is chaired by the board chairman or an independent non-executive director, underscoring a commitment to diversity, independence and the protection of minority shareholders’ interests in the board selection process. It also defines terms of office, resignation procedures, and flexible meeting arrangements, including written resolutions and remote meetings, aiming to enhance transparency, continuity and efficiency in board governance.

The most recent analyst rating on (HK:0552) stock is a Buy with a HK$5.50 price target. To see the full list of analyst forecasts on China Communications Services stock, see the HK:0552 Stock Forecast page.

More about China Communications Services

China Communications Services Corporation Limited operates in the telecommunications infrastructure services industry, providing integrated services such as network construction, operation support, and related technical and professional services to telecom operators and other information and communications technology (ICT) clients in China and overseas markets.

Average Trading Volume: 7,396,115

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$31.79B

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