TERMS OF REFERENCE (TOR) OF NOMINATION COMMITTEE

TERMS OF REFERENCE (TOR) OF NOMINATION COMMITTEE

  1. Recommending to the Board, candidates for Directorships to be filled by the shareholders or the Board;
  2. Considering candidates for Directorships proposed by any Director or shareholder or by any other Senior Management;
  3. Recommending to the Board, Directors to seat on Board Committees;
  4. Assessing the effectiveness of the Board and Board Committees (including size and composition) and contributions of each individual Director;
  5. Reviewing and recommending to the Board the required mix of skills, independence and experience, and other qualities, including core competencies which Non-Executive Directors should bring to the Board;
  6. To determine the core competencies and skills required of Directors to best serve the business and operations of the Group as a whole;
  7. To review Board balance and determine if additional Directors are required and also to ensure that at least one-third (1/3) of the Board is independent;
  8. To review the Board’s succession plan, in recommending the appropriate board balance;
  9. To facilitate Board’s induction and training programmes in areas which Directors could improve on; and
  10. To introduce such regulations, guidelines and/or procedures to function effectively and fulfill the Committee’s objectives.
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