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TERMS OF REFERENCE OF NOMINATION COMMITTEE SHENZHEN INVESTMENT LIMITED????????
Terms of Reference of Nomination CommitteeFormation
1. The nomination committee ("Committee") was formed pursuant to the board resolution of SHENZHEN INVESTMENT LIMITED ("the Company") passed on 27th March,
2012.
Composition and Quorum
2. The Committee shall be appointed by the board of directors
of the Company amongst the non-executive directors and
executive directors of the Company. A majority of the
Committee members should be independent non-executive
directors.
Members : The Committee shall consist of not less than 3
members
Quorum : 2
3. The meetings and proceedings are governed by the
provisions contained in the articles of association of the
Company for regulating meetings and proceedings of directors.
Authority
4. The Committee is authorised by the board to investigate
any activity within its terms of reference. It is authorised
to seek any information it requires from any employee and all
employees are directed to co-operate with any request made by
the Committee.
5. The Committee is authorised by the board to obtain outside
legal or other independent professional advice and to secure
the attendance of outsiders with relevant experience and
expertise if it considers this necessary.
Duties
6. The duties of the Committee shall be:?
(a) To 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;.
(b) To identify individuals suitably qualified to become
board members and select or make recommendations to the board
on the selection of individuals nominated for
directorships;
(c) To assess the independence of independent non-executive
directors;
1
March 2012
(d) To 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; and
(e) To consider other topics as defined by the board.
- END -
2
March 2012
distributed by | This press release was issued by Shenzhen Investment Limited and was initially posted at http://www.shenzheninvestment.com/kgen/inre/anno/images/2012/3/28/2890.pdf . It was distributed, unedited and unaltered, by noodls on 2012-03-27 23:06:26 PM. The issuer is solely responsible for the accuracy of the information contained therein. |