Pegasus International Tightens Governance With Revised Nomination Committee Mandate

Pegasus International Holdings Limited ( (HK:0676) ) has shared an announcement.

Pegasus International Holdings Limited has amended and approved the terms of reference for its Nomination Committee, a board committee responsible for making fair and transparent recommendations on director nominations across the group. The updated framework formalises requirements for committee composition, including a minimum of three members, a majority of independent non-executive directors and at least one member of a different gender, as well as detailed rules on meetings, voting, written resolutions and minute-keeping. It also clarifies that the company secretary will serve as committee secretary, allows the appointment of suitably qualified external secretaries, and requires the committee to engage with shareholders at the annual general meeting. These changes strengthen the company’s corporate governance structure, emphasise board diversity and accountability, and are likely to enhance confidence among investors and other stakeholders in the nomination and appointment process for directors.

The most recent analyst rating on (HK:0676) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Pegasus International Holdings Limited stock, see the HK:0676 Stock Forecast page.

More about Pegasus International Holdings Limited

Pegasus International Holdings Limited is a Bermuda-incorporated company listed in Hong Kong (Stock Code: 676). The group operates through a board and committee structure that reflects standard corporate governance practices for listed entities, with a focus on transparency and independent oversight in its decision-making processes.

Average Trading Volume: 81,833

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$730.7M

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