New World Department Store Sets Up Board Nomination Committee

New World Department Store China Limited (HK:0825) has released an update.

New World Department Store China Limited has established a Nomination Committee to oversee the composition and effectiveness of its Board, ensuring it aligns with the company’s corporate strategy and diversity policy. The Committee, primarily composed of independent non-executive Directors, will meet annually to assess and recommend Board appointments and review directorship nominations. It functions with the authority to seek independent advice and must report its findings and recommendations back to the Board.

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