Dongguan Bank Forms Key Governance Committee

Dongguan Rural Commercial Bank Co Ltd Class H (HK:9889) has released an update.

Dongguan Rural Commercial Bank Co., Ltd. has established a Nomination and Remuneration Committee, as per various Chinese laws and regulations, to oversee the performance appraisal and remuneration management of its directors and senior management. The committee, which will be composed of three to five members with a majority of independent directors and financial professionals, is responsible for enhancing the bank’s corporate governance. It operates under the authority of the Board of Directors, which elects its members and chairman, and it is equipped with the necessary resources to fulfill its duties.

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