The Nominations Committee helps the board ensure its composition is regularly reviewed and refreshed in order that it is effective and able to operate in the best interests of shareholders.
The Committee develops and agrees the desired profiles of potential candidates for board membership. It oversees the recruitment process and engages external search consultants to manage searches on its behalf, including constructing shortlists comprising candidates from diverse backgrounds. Following a final review of shortlisted candidates, the Committee makes recommendations for new board members to the board for approval.
On behalf of the board, the Committee also reviews proposals for appointments to the Executive Committee and monitors executive succession planning.