The board of directors of Miramar Hotel & Investment Co. Ltd. announced that Dr. Timpson Chung Shui Ming, being an independent non-executive director of the company, has been appointed as the chairman of the remuneration committee in place of Dr. Lee Shau Kee who remains as one of the members of the remuneration committee with effect from March 20, 2012. The board announced that a nomination committee of the company has been established on March 20, 2012 which comprises five members, three of them are independent non-executive directors, namely Dr. Lee Shau Kee, Dr. David Sin Wai Kin, Mr. Lee Ka Shing, Mr. Wu King Cheong and Dr. Timpson Chung Shui Ming. Dr. Lee Shau Kee is the chairman of the nomination committee. Duties of the nomination committee include the following: review the structure, size and composition (including the skills, knowledge and experience) of the Board at least annually and make recommendations on any proposed changes to the board to complement the company's corporate strategy; identify individuals suitably qualified to become board members and select or make recommendations to the board on the selection of individuals nominated for directorships; assess the independence of independent non-executive directors; and make recommendations to the board on the appointment or re-appointment of directors and succession planning for directors, in particular the chairman and the chief executive officer. The board further announced that Mr. Charles Lau Kin Shing has been appointed as joint company secretary to act jointly with Mr. Chu Kwok Sun, the existing company secretary with effect from March 20, 2012. Mr. Lau joined the company in March 2010 as chief financial officer.