CORPORATE GOVERNANCE

TERMS OF REFERENCE (TOR) OF NOMINATING COMMITTEE

Recommending to the Board, candidates for Directorships to be filled by the shareholders or the Board;
Considering candidates for Directorships proposed by the Executive Chairman and/or by any other senior executive or any Director or shareholder;
Recommending to the Board, Directors to seat on Board Committees;
Assessing the effectiveness of the Board and Board Committees (including size and composition) and contributions of each individual Director;
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;
To determine the core competencies and skills required of Directors to best serve the business and operations of the Group as a whole;
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;
To review the Board’s succession plan, in recommending the appropriate board balance;
To facilitate Board’s induction and training programmes in areas which Directors could improve on; and
To introduce such regulations, guidelines and/or procedures to function effectively and fulfill the Committee’s objectives.