A nomination committee terms of reference typically covers the committee's purpose, composition, and responsibilities. The committee's purpose is to identify and screen candidates for board membership, and its responsibilities typically include developing criteria for board membership and conducting searches for qualified candidates. The composition of the committee should be determined by the board, and typically includes at least one independent director.
The terms of reference for a nomination committee of a premium listed company for financial years beginning on or after 1 January 2019 are as follows:
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