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Zhongtai Futures Revises Nomination Committee Mandate to Bolster Governance

Story Highlights
  • Zhongtai Futures has updated its Nomination Committee terms to formalize selection and management of directors and senior executives.
  • The revised rules require a majority of independent directors and clearer tenure, replacement procedures to enhance governance effectiveness.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Zhongtai Futures Revises Nomination Committee Mandate to Bolster Governance

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ZHONGTAI FUTURES Company Limited Class H ( (HK:1461) ) has provided an update.

ZHONGTAI FUTURES Company Limited has issued a revised draft of the terms of reference for its Board Nomination Committee, aiming to formalize and strengthen the system for selecting and managing directors and senior management in line with PRC laws, futures industry regulations, Hong Kong Listing Rules and its Articles of Association. The revised terms clarify the committee’s composition and functioning, requiring three to five directors with appropriate expertise, a majority of independent non-executive directors and an independent non-executive chairman, while aligning members’ terms with the Board and setting procedures to replace members who lose their directorship or independence, moves that are expected to enhance the company’s corporate governance and board effectiveness.

The most recent analyst rating on (HK:1461) stock is a Hold with a HK$0.67 price target. To see the full list of analyst forecasts on ZHONGTAI FUTURES Company Limited Class H stock, see the HK:1461 Stock Forecast page.

More about ZHONGTAI FUTURES Company Limited Class H

ZHONGTAI FUTURES Company Limited is a PRC-incorporated futures company listed in Hong Kong that operates under the PRC Company Law, the Futures and Derivatives Law and Hong Kong Listing Rules, focusing on futures brokerage and related derivatives services within a regulated corporate governance framework.

Average Trading Volume: 295,758

Technical Sentiment Signal: Sell

Current Market Cap: HK$641.2M

Find detailed analytics on 1461 stock on TipRanks’ Stock Analysis page.

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