Kingsoft Cloud Holdings Limited (the “Company”) announced an updated charter for its Nomination Committee. The revisions, adopted on December 20, 2022 and amended on November 19, 2025, clarify the Committee’s responsibilities for reviewing the Board’s structure, size, and composition, as well as overseeing director candidate selection and nomination for both Board memberships and Board committee appointments.
The updated charter outlines the requirement that the Committee comprise at least two directors, with a majority being independent non-executive directors. These members are expected to assess candidates’ professional experience and provide recommendations on director appointments, independence, and potential leadership succession planning. The charter also stipulates guidelines for ongoing director evaluation, including time commitment and Board participation, and underscores the Committee’s role in implementing and disclosing a diversity policy.
Furthermore, the document enhances procedures for orienting new directors and regularly reviewing Board performance. It grants the Committee sole authority in appointing external advisors, including search firms and legal counsel, as needed. The Company notes that these revisions aim to boost overall governance quality and transparency regarding Board nominations and function.
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