Summary by Moomoo AI
Aluminum Corporation of China recently released the rules of the board of directors to improve the corporate governance structure and regulate the working procedures of the board of directors. The rules are formulated in accordance with relevant laws, regulations, and listing rules, and clarify the responsibilities of the board of directors, the election and tenure of directors, the convening and decision-making procedures of the board of directors, etc. The board of directors is composed of nine directors, among which at least three are independent directors, and the qualifications and obligations of directors are stipulated. In addition, the rules also involve the selection of non-independent directors, the responsibilities and rights of independent directors, and the specific operation method of the board of directors. The rules will officially take effect from July 2024 and will be interpreted by the board of directors.