Goldwind (02208) has released new guidelines defining its Nomination Committee’s structure and responsibilities. The Committee comprises three directors, including two independent directors, with the requirement that at least one member be of a different gender. The Chairman of this Committee must also be an independent director.
The updated guidelines outline core obligations, such as recommending changes to the Board’s composition, reviewing the independence and qualifications of director and senior management candidates, and overseeing succession planning for key positions. They also detail procedures for nominations, including the roles of shareholders or the Board in proposing candidates, and the importance of conducting thorough qualifications reviews.
The document further establishes meeting rules, stating that a quorum of two-thirds of Committee members is needed to pass any resolution and clarifying confidentiality requirements for participants. These Terms of Reference take effect upon approval by the Board and may be amended if relevant laws, regulations, or the Company’s Articles of Association are updated.
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