CNOOC Limited Strengthens Governance with New Nomination Committee Charter

CNOOC Limited ( (HK:0883) ) has shared an update.

CNOOC Limited has formalized a Nomination Committee Charter that sets out a structured framework for selecting directors and senior management, evaluating board performance and overseeing key aspects of corporate governance. The charter details the composition of the Nomination Committee, requiring a majority of independent non-executive directors, at least one director of a different gender, and compliance with independence rules of the exchanges where the company is listed. It also specifies meeting frequency, quorum, reporting obligations to the board and shareholders, and the committee’s authority to engage external search firms and independent advisers at the company’s expense. By codifying responsibilities such as setting nomination policies, developing criteria for board candidates, reviewing board structure, diversity and effectiveness, and assessing directors’ time commitments, CNOOC aims to strengthen board oversight, enhance transparency and align its governance practices with evolving regulatory and investor expectations.

The most recent analyst rating on (HK:0883) stock is a Hold with a HK$24.50 price target. To see the full list of analyst forecasts on CNOOC Limited stock, see the HK:0883 Stock Forecast page.

More about CNOOC Limited

CNOOC Limited is a major Chinese oil and gas company focused on the exploration, development, production and sale of crude oil and natural gas, with listings in Hong Kong and Shanghai that subject it to multiple international securities and corporate governance standards.

YTD Price Performance: 15.83%

Average Trading Volume: 80,218,697

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$1009.8B

For detailed information about 0883 stock, go to TipRanks’ Stock Analysis page.