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China Mengniu Dairy Co ( (HK:2319) ) just unveiled an update.
China Mengniu Dairy Company Limited has formalised detailed terms of reference for its Nomination Committee, setting out its constitution, membership structure, authority and key responsibilities. The committee must comprise at least three members, with a majority being independent non-executive directors, and is empowered to obtain information from employees and seek independent professional advice at the company’s expense. Its core duties include regularly reviewing the size, structure, composition and diversity of the board, maintaining a board skills matrix, identifying and recommending suitably qualified candidates for directorships, assessing the performance and independence of independent non-executive directors, and overseeing succession planning for the chairman and chief executive. The move underscores Mengniu’s emphasis on board diversity, governance rigor and structured succession planning, which is likely to support stronger corporate oversight and align the board’s capabilities with the company’s strategic objectives.
The most recent analyst rating on (HK:2319) stock is a Hold with a HK$14.50 price target. To see the full list of analyst forecasts on China Mengniu Dairy Co stock, see the HK:2319 Stock Forecast page.
More about China Mengniu Dairy Co
China Mengniu Dairy Company Limited is a leading dairy producer, operating in the food and beverage sector with a primary focus on manufacturing and marketing dairy products for consumers in China and international markets. The company’s operations are overseen by a board of directors that adheres to corporate governance frameworks common to large listed companies, with various committees established to strengthen oversight and strategic alignment.
Average Trading Volume: 19,581,380
Technical Sentiment Signal: Sell
Current Market Cap: HK$59.6B
For a thorough assessment of 2319 stock, go to TipRanks’ Stock Analysis page.