(Incorporated in Hong Kong with limited liability)
(Stock code: 123)("Company")
Nomination Committee - Terms of Reference 1. Membership
1.1 Members of the Nomination Committee shall be appointed by
the board of directors
("Board").
1.2 A majority of the members of the Nomination Committee
shall be independent non-executive directors.
2.1 The chairman of the Nomination Committee shall be the chairman of the Board.
3. Meetings
3.1 The meetings and proceedings of the Nomination Committee
are governed by the provisions contained in the Company's
Articles of Association for regulating the meetings and
proceedings of Directors.
3.2 The quorum for meetings of the Nomination Committee shall
be any two members.
3.3 The Nomination Committee shall meet at least once a year
and otherwise as required.
3.4 The Company Secretary shall act as the secretary to the
Nomination Committee and must ensure that full minutes are
kept of all meetings. In the absence of the secretary of the
Nomination Committee, the members present at the meeting of
the Nomination Committee shall elect another person as the
secretary.
4.1 The Nomination Committee is authorised by the Board to
seek independent professional
advice, at the Company's expense, to perform its
responsibilities, as and when it thinks fit.
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4.2 The Nomination Committee shall be provided with sufficient resources to perform its duties.
5. Duties
The duties of the Nomination Committee shall include:
5.1 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;
5.2 identify individuals suitably qualified to become members
of the Board and select or make recommendations to the Board
on the selection of individuals nominated for
directorship;
5.3 assess the independence of independent non-executive
directors; and
5.4 make recommendation to the Board on the appointment or
re-appointment of Directors and succession planning for
Directors, in particular the chairman and the general
manager.
6.1 The Chairman of the Nomination Committee shall, as far as practicable, attend the Company's annual general meeting and be prepared to respond to any shareholders' questions on the Nomination Committee's decisions or recommendations.
7. Amendment7.1 Any amendment to these terms of reference must be approved by the Board.
8. Publication of these terms of reference8.1 The Nomination Committee shall cause a copy of these terms of reference to be published on the websites of the Company and The Stock Exchange of Hong Kong Limited.
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| This press release was issued by Yuexiu Property Co. Ltd. and was initially posted at http://www.irwebcast.com/cgi-local/report/redirect.cgi?url=http://202.66.146.82/listco/hk/yuexiuprop erty/announcement/a120330.pdf . It was distributed, unedited and unaltered, by noodls on 2012-03-30 02:12:27 AM. The issuer is solely responsible for the accuracy of the information contained therein. |