Wing On Sets Formal Governance Framework for Board Nomination Committee

Wing On Co. International Ltd. ( (HK:0289) ) has shared an announcement.

Wing On Company International Limited has formalised the terms of reference for its Nomination Committee, a board committee first established in March 2012, setting out its composition, governance and operating procedures. The committee must comprise at least three members with a majority being independent non-executive directors and at least one director of a different gender, with the chair to be either the board chairman or an independent non-executive director. The document specifies meeting frequency, quorum, modes of participation, and the requirement to keep full records and circulate minutes, while empowering the committee to obtain sufficient resources and independent professional advice at the company’s expense. These measures reinforce the company’s corporate governance framework, enhance transparency over board appointments and succession planning, and are likely to be viewed positively by investors and regulators focused on board independence and diversity.

The most recent analyst rating on (HK:0289) stock is a Hold with a HK$12.50 price target. To see the full list of analyst forecasts on Wing On Co. International Ltd. stock, see the HK:0289 Stock Forecast page.

More about Wing On Co. International Ltd.

Wing On Company International Limited is a Bermuda-incorporated holding company listed in Hong Kong (stock code: 289), operating as the parent of a group of subsidiaries engaged in diversified business activities. The Group is governed by a board of directors and various board committees, reflecting a focus on corporate governance and regulatory compliance within Hong Kong’s listed company framework.

Average Trading Volume: 36,006

Technical Sentiment Signal: Buy

Current Market Cap: HK$4.01B

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