Novosense Sets Up Nomination Committee to Strengthen Board Governance

Suzhou Novosense Microlectronics Co. Ltd. Class H ( (HK:2676) ) has shared an update.

Suzhou Novosense Microelectronics has established a Nomination Committee under its board of directors to strengthen corporate governance and formalize the selection and oversight of directors and senior management. The committee will consist of three directors, including two independent non-executive directors of both genders, with an independent non-executive director serving as chairperson, and its members will serve terms aligned with the board.

The committee is charged with setting selection criteria and procedures for directors and senior executives, reviewing the board’s structure and skills mix annually, assessing the independence of independent directors, and making recommendations on appointments, reappointments, removals, and succession planning. It will also support board performance evaluations, and if the board departs from the committee’s recommendations, it must record and disclose its reasons, enhancing transparency and accountability for stakeholders.

More about Suzhou Novosense Microlectronics Co. Ltd. Class H

Suzhou Novosense Microelectronics Co., Ltd. is a China-based semiconductor company listed on both the STAR Market of the Shanghai Stock Exchange and the Hong Kong Stock Exchange. The company operates under modern corporate governance standards and is subject to Chinese securities regulations and the Hong Kong Listing Rules in managing its board and senior leadership structure.

Average Trading Volume: 355,597

Current Market Cap: HK$25.49B

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