Summary by Moomoo AI
BYD Company Limited released the detailed content of the 'Independent Director System' on October 18, 2024, aiming to further improve the company's governance structure, promote standardized operations, and ensure that independent directors can fulfill their duties. This system is formulated based on relevant laws and regulations of China and the Listing Rules of The Stock Exchange of Hong Kong Limited. The system specifies the qualifications, responsibilities, election and replacement procedures of independent directors, as well as the rights, obligations, and job protection of independent directors. Independent directors need to have a certain level of independence, not influenced by the company's major shareholders or actual controllers, and should include at least one accounting professional. The board of directors of the company includes executive director Mr. Wang Chuanfu, non-executive directors Mr. Lu Xiangyang and Mr. Xia Zuoquan, as well as independent non-executive directors Mr. Cai Hongping, Mr. Zhang Min, and Ms. Yu Ling.
