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Zhong An Group Tightens Governance With Updated Nomination Committee Mandate

Story Highlights
  • Zhong An Group has restated the structure of its board Nomination Committee, requiring at least three directors, mostly independent.
  • The updated terms emphasize independence and gender diversity in board oversight, aiming to bolster governance and stakeholder confidence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Zhong An Group Tightens Governance With Updated Nomination Committee Mandate

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An update from Zhong An Group Limited ( (HK:0672) ) is now available.

Zhong An Group Limited has updated the terms of reference for its board Nomination Committee, a governance body composed of at least three directors, the majority of whom must be independent non-executive directors. The committee must also include at least one director of a different gender, with the chair to be either the board chairman or an independent non-executive director, and the company secretary serving as committee secretary. The revised framework, originally established in 2007 and now formally restated in both Chinese and English, strengthens the company’s corporate governance structure by clarifying the composition and appointment procedures of the Nomination Committee, reinforcing independence and gender diversity in board oversight and potentially enhancing transparency and confidence among investors and other stakeholders.

The most recent analyst rating on (HK:0672) stock is a Hold with a HK$0.12 price target. To see the full list of analyst forecasts on Zhong An Group Limited stock, see the HK:0672 Stock Forecast page.

More about Zhong An Group Limited

YTD Price Performance: -2.73%

Average Trading Volume: 2,223,837

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$603M

See more insights into 0672 stock on TipRanks’ Stock Analysis page.

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