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Yancoal Australia ( (AU:YAL) ) has shared an announcement.
Yancoal Australia Ltd has adopted an updated Board Charter that formalises how its directors will exercise their constitutional powers and responsibilities in line with principles of good corporate governance, international best practice and applicable laws. The Charter clarifies board structure requirements, including a minimum of four directors and at least two Australian-resident directors, one of whom must be independent, and sets detailed independence criteria aligned with ASX and HKEX listing rules, aimed at ensuring an appropriate mix of skills, experience, diversity and genuinely independent oversight; this move underscores Yancoal’s efforts to strengthen governance standards and provide greater assurance to regulators, shareholders and other stakeholders about the integrity and effectiveness of its board.
More about Yancoal Australia
Yancoal Australia Ltd is a publicly listed mining company focused on coal production, with shares traded on both the Australian Securities Exchange and the Hong Kong Stock Exchange. The company operates under Australian corporate and regulatory frameworks and is subject to governance undertakings made to the Australian Federal Government, reflecting its scale and significance in the resources sector.
See more insights into YAL stock on TipRanks’ Stock Analysis page.