Jinshang Bank Sets Formal Mandate for Nomination and Remuneration Committee

Jinshang Bank Co., Ltd. Class H ( (HK:2558) ) just unveiled an announcement.

Jinshang Bank Co., Ltd. has formalized the terms of reference for its Nomination, Remuneration and HR Committee, a specialized body under the board responsible for director and senior management selection and pay-setting. The move is designed to standardize elections, improve remuneration mechanisms, and strengthen the bank’s overall corporate governance in line with Chinese banking laws and Hong Kong listing requirements.

The committee will comprise at least three directors, with independent non-executive directors making up more than half of its members and no representatives of controlling shareholders, and must include at least one director of a different gender. Members, nominated by the board chair and approved by the board, will serve terms aligned with the board, with automatic removal if they cease to be directors or lose required independence, reinforcing regulatory compliance and governance discipline for stakeholders.

More about Jinshang Bank Co., Ltd. Class H

Jinshang Bank Co., Ltd. is a commercial bank operating under the regulatory framework of the People’s Republic of China and the Hong Kong Listing Rules. The bank is overseen by a board of directors and emphasizes formal corporate governance structures, including specialized board committees focused on nomination, remuneration, and human resources oversight.

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