On March 2026, Yixin Group Limited publicly outlined the Terms of Reference for its Nomination Committee. The document demonstrates the committee’s responsibilities in identifying qualified board candidates, overseeing board performance evaluations, and developing nomination guidelines that meet regulatory requirements. It also stipulates that Nomination Committee members must be appointed by the Board, with a majority being independent non-executive directors. The chairman of the committee may be either the Board chairman or an independent non-executive director.
The Terms of Reference also specify processes for convening and conducting committee meetings, including a minimum of one meeting per year, quorums, and notice periods. They grant full access to management and sufficient resources to support duties, including independent professional advice where necessary. In addition, the committee is tasked with reviewing the structure and diversity of the Board, ensuring independence of directors, recommending appointments and re-appointments, and developing policies on board diversity. The document underscores annual reviews of its provisions and requires that the committee report key decisions or recommendations to the Board.
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