Bank of Beijing proposes governance overhaul and key personnel changes

Bank of Beijing [SSE:601169] has announced a series of resolutions aimed at streamlining its governance structure and bolstering its executive leadership. The bank's board of directors has unanimously approved a proposal to eliminate the Supervisory Board, a move that requires shareholder approval at an upcoming extraordinary general meeting scheduled for June 27, 2025. The board has also proposed revisions to the company's articles of association, rules of procedure for the general meeting of shareholders, and rules of procedure for the board of directors.