SINOPEC Engineering Refines Remuneration Committee Mandate to Strengthen Governance

SINOPEC Engineering (Group) Co., Ltd. Class H ( (HK:2386) ) just unveiled an announcement.

SINOPEC Engineering (Group) Co., Ltd. has updated and formally approved new terms of reference for its Board Remuneration Committee, strengthening governance over pay and incentives for directors, senior management and other key executives. The revised framework clarifies the committee’s composition, requiring a majority of independent directors and an independent chair, and sets out detailed responsibilities including advising on remuneration policy and structure, overseeing performance appraisal policies, determining or recommending pay levels and performance-linked compensation, and reviewing stock incentive and similar share-based schemes in line with Hong Kong listing rules. By tightening procedures, emphasizing transparency, benchmarking against comparable companies and ensuring no director participates in setting their own remuneration, the company aims to reinforce oversight, align management incentives with corporate objectives, and better protect the interests of shareholders and other stakeholders.

The most recent analyst rating on (HK:2386) stock is a Buy with a HK$8.50 price target. To see the full list of analyst forecasts on SINOPEC Engineering (Group) Co., Ltd. Class H stock, see the HK:2386 Stock Forecast page.

More about SINOPEC Engineering (Group) Co., Ltd. Class H

SINOPEC Engineering (Group) Co., Ltd. is a China-based engineering and construction company serving the energy and petrochemical sectors, providing engineering, procurement and construction (EPC) services and related technical and project management solutions to domestic and international clients.

Average Trading Volume: 4,183,055

Technical Sentiment Signal: Buy

Current Market Cap: HK$32.96B

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