Legend Holdings Sets Formal Nomination Committee to Strengthen Board Governance

Legend Holdings Corporation Class H ( (HK:3396) ) just unveiled an announcement.

Legend Holdings Corporation has established a nomination committee under its board to regulate the selection and appointment of directors, senior management, and core management, in line with PRC company law, Hong Kong listing rules, and its own articles of association. The committee is tasked with ensuring that the board and its committees maintain appropriate skills, experience, and diversity, and that corporate governance functions are performed effectively.

The committee will comprise at least three directors, with a majority of independent non-executive directors and an independent chair, and will be supported by the board secretary or joint company secretaries. Its responsibilities include regularly reviewing the board’s structure and composition, recommending appointments, reappointments, and succession plans for key leadership roles, and identifying and nominating candidates who align with the company’s strategic goals and diversity objectives, reinforcing transparent and robust governance for stakeholders.

The most recent analyst rating on (HK:3396) stock is a Hold with a HK$8.50 price target. To see the full list of analyst forecasts on Legend Holdings Corporation Class H stock, see the HK:3396 Stock Forecast page.

More about Legend Holdings Corporation Class H

Legend Holdings Corporation is a Chinese joint stock company incorporated in the People’s Republic of China and listed in Hong Kong under stock code 03396. The group operates with a formal board and committee structure and emphasizes adherence to PRC company law, Hong Kong listing rules, and its articles of association to guide its governance and management oversight.

Average Trading Volume: 3,680,824

Technical Sentiment Signal: Sell

Current Market Cap: HK$19.2B

For detailed information about 3396 stock, go to TipRanks’ Stock Analysis page.