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SOCAM Development ( (HK:0983) ) has issued an update.
SOCAM Development Limited has established a Nomination Committee to ensure a formal and transparent process for appointing new directors to its board. The committee, consisting of at least three members, primarily independent non-executive directors, is tasked with reviewing the board’s structure, identifying qualified candidates, assessing director independence, and making recommendations on appointments and succession planning. This initiative aims to align the board’s composition with the company’s corporate strategy and enhance governance practices.
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Average Trading Volume: 53
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