Shanghai Electric Moves to Form New Three-Year Board, Emphasising Independence and Governance
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Shanghai Electric Group Company Limited has announced the formation of its sixth board of directors, which will serve a three-year term. The new board will include executive, non-executive, and independent non-executive directors, with an emphasis on independence and governance. The remuneration structure links executive pay to company performance, and an employee director will be elected separately. The current analyst rating for the stock (HK:2727) is a Hold with a price target of HK$4.00. Shanghai Electric is a major equipment manufacturer in China, closely monitored by investors due to its governance structure.
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