Luzhou Bank Tightens Audit Committee Terms to Bolster Governance
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Luzhou Bank Co., Ltd. has revised its Audit Committee terms for 2025 to enhance governance. The committee will consist of three to five non-executive directors, with a majority being independent and one having financial expertise. Directors nominated by controlling shareholders and recent partners of the external audit firm are excluded to ensure independence. The changes aim to standardize decision-making and improve oversight, potentially boosting transparency and investor confidence. The current analyst rating for Luzhou Bank's stock (HK:1983) is a Hold with a price target of HK$2.00.
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