Shanghai Electric Moves to Form New Three-Year Board, Emphasising Independence and Governance

An announcement from Shanghai Electric Group Company ( (HK:2727) ) is now available.

Shanghai Electric Group Company Limited has initiated the formation of its sixth board of directors, with the current board approving a slate of executive, non-executive and independent non-executive director candidates to be submitted to shareholders for election by cumulative voting at a forthcoming general meeting. The proposed board will serve a three-year term, includes an employee director to be elected separately, and features three independent non-executive director candidates whose independence has been vetted in line with Hong Kong Listing Rules, while outgoing non-executive director Mr. Shao Jun will retire without disagreement; remuneration has been structured to link executive pay to company performance, provide fixed fees for independent directors and no pay for non-executives, reflecting an emphasis on board diversity, regulatory compliance and governance stability that is important for shareholders and the company’s market standing.

The most recent analyst rating on (HK:2727) stock is a Hold with a HK$4.00 price target. To see the full list of analyst forecasts on Shanghai Electric Group Company stock, see the HK:2727 Stock Forecast page.

More about Shanghai Electric Group Company

Shanghai Electric Group Company Limited is a large-scale equipment manufacturing conglomerate based in the People’s Republic of China and listed in Hong Kong, supplying power generation and industrial equipment and related engineering solutions to domestic and overseas markets. As a state-linked enterprise, its corporate governance structure and board composition are closely watched by investors given its role in China’s energy and industrial sectors.

Average Trading Volume: 72,619,339

Technical Sentiment Signal: Buy

Current Market Cap: HK$130.3B

For detailed information about 2727 stock, go to TipRanks’ Stock Analysis page.