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China Tobacco International (HK) Tightens Governance With Revised Nomination Committee Mandate

Story Highlights
  • China Tobacco International (HK) has refined its Nomination Committee structure, requiring mostly independent members and gender diversity.
  • The Nomination Committee gains clearer duties in board selection, independence assessment, succession planning, and performance evaluation to bolster governance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
China Tobacco International (HK) Tightens Governance With Revised Nomination Committee Mandate

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China Tobacco International (HK) Co ( (HK:6055) ) has shared an update.

China Tobacco International (HK) Company Limited has formalised updated terms of reference for its Nomination Committee, specifying that the committee will be composed of at least three directors, with a majority being independent non-executive directors and at least one member of a different gender, and chaired by either the board chairman or an independent non-executive director. The committee is tasked with overseeing board structure and composition, identifying and recommending director candidates, assessing the independence of non-executive directors, guiding succession planning for key leadership roles, supporting regular board performance evaluations, and reviewing its own effectiveness annually, underscoring the company’s efforts to strengthen corporate governance and board oversight for stakeholders.

The most recent analyst rating on (HK:6055) stock is a Hold with a HK$36.00 price target. To see the full list of analyst forecasts on China Tobacco International (HK) Co stock, see the HK:6055 Stock Forecast page.

More about China Tobacco International (HK) Co

China Tobacco International (HK) Company Limited is the Hong Kong-listed overseas arm of China’s state-owned tobacco industry, focusing on the international trade of tobacco products and related services, and operating within the highly regulated global tobacco market.

Average Trading Volume: 1,717,118

Technical Sentiment Signal: Buy

Current Market Cap: HK$24.55B

See more insights into 6055 stock on TipRanks’ Stock Analysis page.

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