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China Oilfield Services ( (HK:2883) ) has shared an update.
China Oilfield Services Limited has formalised the terms of reference for its Board Nomination Committee, establishing a professional body responsible for recommending candidates, selection criteria and procedures for directors and senior management positions, including the CEO, president, CFO, vice presidents and the board secretary. The committee will comprise at least three directors, with a majority being independent non-executive directors, and its chairman must also be an independent non-executive director, reflecting heightened emphasis on independence and governance. By detailing membership nomination, tenure, resignation procedures and the committee’s authority to shape the size, skills mix and professional structure of the board, the company aims to standardise appointments and strengthen board composition and corporate governance in line with regulatory requirements in Shanghai and Hong Kong, which may bolster investor confidence and oversight over key leadership appointments.
The most recent analyst rating on (HK:2883) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on China Oilfield Services stock, see the HK:2883 Stock Forecast page.
More about China Oilfield Services
China Oilfield Services Limited operates in the oilfield services industry, providing offshore oilfield engineering and technical services to support exploration, drilling and production activities, with listings in both Shanghai and Hong Kong and a focus on meeting corporate governance standards in major capital markets.
Average Trading Volume: 10,160,373
Technical Sentiment Signal: Sell
Current Market Cap: HK$56.98B
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