Seacon Shipping Formalises Nomination Committee Terms to Bolster Governance

Claim 70% Off TipRanks This Holiday SeasonUnlock hedge-fund level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potentialSeacon Shipping Group Holdings Ltd. ( (HK:2409) ) has issued an update. Seacon Shipping Group Holdings Limited has formalised the terms of reference for its Nomination Committee, a board committee established on 2 March 2023 to oversee director appointments and related governance matters. The document sets out the committee’s composition requirements—at least three members with a majority being independent non-executive directors, chaired by either the board chairman or an independent non-executive director—and specifies the company secretary as its secretary, detailed procedures for convening meetings, quorum, frequency of at least one meeting per year, and the use of written resolutions, reinforcing the committee’s role in reporting decisions and recommendations to the board and thereby strengthening the group’s corporate governance framework. More about Seacon Shipping Group Holdings Ltd. Seacon Shipping Group Holdings Limited is a Cayman Islands-incorporated company listed in Hong Kong (Stock Code: 2409), operating as a group engaged in the shipping sector. The company is governed by a board of directors supported by various board committees in line with Hong Kong listing requirements and corporate governance practices. Average Trading Volume: 100,870 Technical Sentiment Signal: Hold Current Market Cap: HK$2.09B