CSSC Offshore & Marine Engineering Tightens Governance With Revised Nomination Committee Rules
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CSSC Offshore & Marine Engineering (Group) Company Limited has revised its Nomination Committee rules to enhance corporate governance. The updated regulations clarify the committee's role in selecting directors and senior management, define its composition, and formalize its authority to review board structure and vet candidates. These changes aim to improve board oversight and align practices with Chinese law and stock exchange rules, potentially boosting investor confidence. The company, listed in Shanghai and Hong Kong, specializes in offshore engineering and marine equipment manufacturing.
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