Laopu Gold (6181) has released a formal Terms of Reference document for its Nomination Committee, detailing procedures aimed at enhancing the selection of directors and senior management. According to the announcement, the committee is composed of at least three directors, of whom the majority must be independent non-executive directors, and there should be at least one director of a different gender.
The document outlines the Nomination Committee’s main responsibilities, which include reviewing the structure and diversity of the board, recommending qualified candidates for directorships, and assessing director independence. Additionally, the procedures cover consent requirements from nominees, as well as guidelines for assembling detailed background information on proposed candidates. The committee ultimately submits its recommendations to the board for approval.
The Terms of Reference specify that Nomination Committee meetings can be convened when needed, subject to a notice requirement, with resolutions passed by a majority vote. Written resolutions signed by all members also carry the same effect as decisions made during meetings. The document further clarifies that the committee may engage external professionals when necessary, with such costs borne by the company.
Laopu Gold (6181) confirmed that these guidelines are effective from the date of the board’s approval. Any future changes in laws, regulations, or listing rules will take precedence, and the board retains authority to interpret the provisions within the published Terms of Reference.
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