The main role of the Nomination Committee is to oversee matters relating to board nomination and recruitment and diversity, as well as planning for succession.
The REIT Manager has established a Nomination Committee to assist the Board in reviewing the Board structure, size and composition, and assessing the independence of Independent Non-executive Directors, to make recommendations on any proposed changes to the Board, as well as the appointment and re-appointment of Directors and succession planning.
The Nomination Committee is appointed by the Board and shall comprise a majority of Independent Non-Executive Directors. The Chairman of the Nomination Committee shall be the Chairman of the Board or an Independent Non-executive Director appointed by the Board. It should meet on an annual basis and otherwise on an as-needed basis.
The members of the Nomination Committee include: