PAX Global Tightens Board Governance With Revised Nomination Committee Mandate

Claim 50% Off TipRanks Premium and Invest with Confidence Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potentialThe latest announcement is out from PAX Global Technology ( (HK:0327) ). PAX Global Technology Limited has formalised updated Terms of Reference for its Nomination Committee, aligning its governance practices with the Corporate Governance Code under the Hong Kong Listing Rules. The committee must comprise at least three members, with a gender diversity requirement that at least one member is of a different gender, and a majority of members, including the chairman, must be independent non-executive directors. It is empowered by the board to oversee all matters relating to board appointments, including identifying and recommending candidates, assessing the independence and performance of directors, and advising on succession planning for key leadership roles. The committee is also mandated to regularly review the board’s structure, size, skills matrix, and diversity policies across the board and senior management, and is granted sufficient resources and authority to seek external professional advice, signalling a strengthened focus on governance, board effectiveness and diversity, which may enhance investor confidence and regulatory compliance. The most recent analyst rating on (HK:0327) stock is a Hold with a HK$6.50 price target. To see the full list of analyst forecasts on PAX Global Technology stock, see the HK:0327 Stock Forecast page. More about PAX Global Technology PAX Global Technology Limited is a Hong Kong-listed company incorporated in Bermuda, operating in the payment and financial technology sector and focused on providing electronic payment solutions and related services to global markets. Average Trading Volume: 3,192,218 Technical Sentiment Signal: Buy Current Market Cap: HK$5.47B For an in-depth examination of 0327 stock, go to TipRanks’ Overview page.