Prosper Construction Formalizes Audit Committee Mandate to Strengthen Governance
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Prosper Construction Holdings Limited has formalized the terms of reference for its Audit Committee to enhance corporate governance. The committee, established in 2016, will consist of at least three non-executive directors, with a majority being independent and one having financial expertise. The chairman must be an independent non-executive director, and the company secretary will serve as the committee's secretary. These measures aim to improve the independence and effectiveness of financial oversight, potentially boosting investor confidence and regulatory compliance.
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