Sinopec Shanghai Petrochemical Company Limited released an official policy detailing its approach to achieving diversity at the board level. The company emphasizes the need to consider multiple factors—such as gender, age, cultural and educational background, professional experience, and service tenure—when nominating directors.
According to the announcement, appointments will be based on the strengths each candidate brings, with efforts taken to avoid a single-gender board. The Nomination Committee is tasked with monitoring the effectiveness of this policy and will regularly disclose board composition, including aspects like gender and tenure of service, in the annual Corporate Governance Report. The policy will be reviewed periodically to ensure ongoing alignment with the company’s strategic objectives and commitment to sustainable development.