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China Shenhua Energy Updates Audit and Risk Management Committee Procedures

Story Highlights
  • China Shenhua Energy revised its Audit and Risk Management Committee rules to enhance compliance.
  • The committee advises the board but cannot make resolutions without authorization.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Shenhua Energy Updates Audit and Risk Management Committee Procedures

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An update from China Shenhua Energy Co ( (HK:1088) ) is now available.

China Shenhua Energy Company Limited has revised the rules of procedures for its Audit and Risk Management Committee, reflecting updates made on 27 October 2023. These revisions are aimed at enhancing the company’s audit and risk management processes, ensuring compliance with relevant laws and regulations, and protecting the interests of the company and its shareholders. The committee, which is a specialized body of the board, provides advisory opinions and reports to the board, but cannot make resolutions without board authorization. The committee’s composition requires members to be directors not serving as senior management, with a majority being independent directors, ensuring a high standard of professional ethics and competence.

The most recent analyst rating on (HK:1088) stock is a Buy with a HK$40.00 price target. To see the full list of analyst forecasts on China Shenhua Energy Co stock, see the HK:1088 Stock Forecast page.

More about China Shenhua Energy Co

China Shenhua Energy Company Limited is a joint stock limited company incorporated in the People’s Republic of China, primarily engaged in the energy sector. It focuses on the production and sale of coal and electricity, and is listed on the stock exchange under the stock code 01088.

Average Trading Volume: 18,952,298

Technical Sentiment Signal: Buy

Current Market Cap: HK$799.2B

For an in-depth examination of 1088 stock, go to TipRanks’ Overview page.

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