(incorporated in Hong Kong with limited liability)
(Stock Code: 688)
NOMINATION COMMITTEE(established on 15 March 2006)
TERMS OF REFERENCE Constitution1. The board of directors of the Company (the "Board") has resolved to establish a Committee of the Board to be known as the Nomination Committee (the "Committee").
Membership and Quorum
2. The Committee shall be appointed by the Board from amongst
the directors of the Company and shall consist of not less
than three members, a majority of whom should be independent
non-executive directors of the Company. A quorum shall be two
members.
3. The chairman of the Committee shall be appointed by the
Board who should be the chairman of the Board or an
independent non-executive director of the Company.
4. The company secretary of the Company shall be the
secretary of the Committee (the
"Secretary").
5. Meetings shall be held not less than once a year.
Notice of meetings6. Notice of meetings shall be given to all members of the Committee at least 7 days before the meeting.
Casting vote7. In the case of an equality of votes, the chairman of the Committee shall have the casting vote.
Effective on 16 March 2012 1
Performance of Duties8. The Company should provide the Committee sufficient resources to perform its duties. The budget of such resources should be controlled and approved by the Board. Any additional resources which are not budgeted should be subject to further approval by the Board. Where necessary, the Committee should seek independent professional advice, at the Company's expense, to perform its responsibilities.
Duties
9. The duties of the Committee shall include:
(a) to 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;
(b) to identify individuals suitably qualified to become
Board members and select or make recommendations to the Board
on the selection of individuals nominated for
directorships;
(c) to assess the independence of independent non-executive
directors; and
(d) to make recommendations to the Board on the appointment
or re-appointment of directors and succession planning for
directors, in particular the chairman and the chief
executive.
10. The Secretary shall circulate the minutes of meetings of the Committee to all members of the Board.
Effective on 16 March 2012 2
distributed by | This press release was issued by China Overseas Land & Investment Limited and was initially posted at http://www.coli.com.hk. It was distributed, unedited and unaltered, by noodls on 2012-03-16 11:18:26 AM. The issuer is solely responsible for the accuracy of the information contained therein. |