Nomination Committee

The Committee convene as required on a need-to-meet basis but at least twice every calendar year.

The Chair of the Committee and the Chairman of the Board may each convene meetings of the Committee at any time.

Committee Members should have adequate collective knowledge, and experience relating to the business of the Bank/Company to be able to assess the appropriate composition of the Board, including recommending candidates to fill Board vacancies.

The main responsibilities of the Nomination Committee include, amongst others:

• the identification and nomination of suitable candidates for election or replacement of Board members,
• the annual reassessment of the independence of the incumbent independent non-executive Board members
• the review, at least once during the three-year term of the Board, the structure, size and composition (including the aggregate skillset, knowledge, independence, experience and diversity) of the Board and of its Committees,
• the annual assessment of the effectiveness of the Board, the Board Chair and the Board Committees,
• the support and oversight of the induction and training programmes for the Board members,
• the succession planning over the longer term for Board Members, CEO and top executive management.

Details on the responsibilities and the operations of the Committee are available here.