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> Nomination Committee
Established in September 2003, the Nomination Committee, led by an independent
non-executive director, comprises 4 members, the majority of whom are independent non-executive directors. It is responsible for nominating
potential candidates for directorship, reviewing the
nomination of directors, assessing the independence
of independent non-executive directors and making
recommendations to the Board on such appointments.
All new appointment of directors and nomination
of directors for re-election at the annual general
meeting are first considered by the Nomination
Committee. The recommendations of the Nomination
Committee will then be put to the Board for decision.
New directors appointed by the Board are subject
to re-election by shareholders at the next following
general meeting pursuant
to the Bye-laws of the Company. In considering the
new appointment or nomination of directors for re-election,
the Nomination Committee will assess the candidate or incumbent on criteria such as integrity,
independent mindedness, experience, skill and the
ability to commit time and effort to carry out his duties
and responsibilities effectively etc.
[terms of reference]