1. | PURPOSE | |
To assist the Board in their responsibilities in nominating new nominees to the Board and to assess the performance of the Board, the Board Committees and the Directors of the Company on an on-going basis. | ||
2. | MEMBERSHIP | |
The members of the Nomination Committee shall comprise exclusively of Non¬ Executive Directors, a majority of whom are independent and number at least three (3) in total. The Chairman of the Committee shall be the Independent Non-Executive Director appointed by the Board. The quorum of the Committee shall be at least two (2) members. |
||
3. | FREQUENCY OF MEETINGS | |
Meetings shall be held at least twice a year. | ||
4. | DUTIES | |
The duties of the Committee shall be to:¬ • recommend new appointments/re-election of Directors to the Board based on objective criteria, merit and with due regard for diversity in skills, experience, age, cultural background and gender; |
||
5. | ADVISERS | |
The Committee is authorised by the Board to seek appropriate professional advice inside and outside the group as and when it considers this necessary. | ||
6. | MINUTES | |
The Minutes of meetings of the Committee shall be circulated to all members of the Board. |