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Hong Kong Resources Holdings Co. Ltd. Sets Audit Committee Terms

Story Highlights
  • The Audit Committee will include Non-Executive Directors, with a majority being independent.
  • The Committee will meet twice yearly to oversee financial reporting and audit processes.
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Hong Kong Resources Holdings Co. Ltd. Sets Audit Committee Terms

Hong Kong Resources Holdings Co. Ltd. ( (HK:2882) ) has shared an update.

Hong Kong Resources Holdings Co. Ltd. has outlined the terms of reference for its Audit Committee, which will consist of members appointed by the Board from among the Non-Executive Directors, with a majority being Independent Non-Executive Directors. The Committee is tasked with overseeing the company’s financial reporting and audit processes, meeting at least twice a year, and ensuring that a quorum of at least two members is present for decisions. This structure aims to enhance the company’s governance and financial oversight, potentially increasing stakeholder confidence in its operations.

More about Hong Kong Resources Holdings Co. Ltd.

YTD Price Performance: -66.67%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €16.05M

Learn more about 2882 stock on TipRanks’ Stock Analysis page.

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