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China Gas Industry Investment Formalizes Nomination Committee Governance Framework

Story Highlights
  • China Gas Industry Investment has set formal terms for its Board Nomination Committee to enhance governance standards.
  • The committee will be majority independent, gender-diverse and empowered to review directors and seek information across the group.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Gas Industry Investment Formalizes Nomination Committee Governance Framework

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China Gas Industry Investment Holdings Co.Ltd. ( (HK:1940) ) has shared an announcement.

China Gas Industry Investment Holdings Co. Ltd. has formalized the terms of reference for its Board Nomination Committee, outlining its composition, authority and operating procedures to strengthen corporate governance. The committee must comprise at least three directors, the majority being independent non-executive directors with at least one member of a different gender, and is empowered to review directors’ performance and independence, request information and reports from group employees and professional advisers, and meet at least once a year, thereby reinforcing board oversight, diversity and transparency for stakeholders.

The most recent analyst rating on (HK:1940) stock is a Buy with a HK$0.86 price target. To see the full list of analyst forecasts on China Gas Industry Investment Holdings Co.Ltd. stock, see the HK:1940 Stock Forecast page.

More about China Gas Industry Investment Holdings Co.Ltd.

China Gas Industry Investment Holdings Co. Ltd., incorporated in the Cayman Islands and listed in Hong Kong under stock code 1940, operates in the gas industry, investing in and operating gas-related businesses and assets through its group structure. The company is governed by a board comprising executive and independent non-executive directors and follows Hong Kong corporate governance practices, including the use of specialized board committees.

Average Trading Volume: 327,058

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.07B

For detailed information about 1940 stock, go to TipRanks’ Stock Analysis page.

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