Laopu Gold Co., Ltd. (the “Company”) has released its Strategy Committee Terms of Reference, outlining key responsibilities and processes designed to strengthen long-term strategic development, major decision-making, and environmental, social, and governance (ESG) management.
According to the document, the Strategy Committee is formed under the board of directors and consists of at least three directors, including a chairperson. Its primary duties include researching and recommending the Company’s long-term development plans, major investment and financing schemes, and significant asset management projects. Additionally, the committee oversees and inspects ESG-related work, coordinating sustainability objectives and reviewing relevant reports.
The Terms of Reference also establish an investment review panel, responsible for conducting preparatory reviews of major investment proposals before they reach the Strategy Committee. Meetings are convened to assess submitted proposals, and decisions are subsequently reported to the board of directors. Members are authorized to seek necessary information and external professional advice when reviewing matters.
The newly adopted framework became effective upon board approval, ensuring that all strategic, investment, and ESG decisions adhere to relevant regulations and the Company’s Articles of Association.
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