Dongguan Rural Commercial Bank Co Ltd Class H (HK:9889) has released an update.
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Dongguan Rural Commercial Bank Co., Ltd. has established a Nomination and Remuneration Committee under its Board of Directors to regulate the performance appraisal and remuneration management of its directors and senior management. The Committee, consisting of three to five members with a majority of independent directors and at least one-third being financial professionals, aims to enhance the bank’s nomination and corporate governance mechanisms. It operates under a framework aligned with Chinese law and corporate governance standards, ensuring the committee is well-resourced and its members are appropriately experienced.
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