TERMS OF REFERENCE OF NOMINATION AND REMUNERATION COMMITTEE

  1. MEMBERSHIP

    • The Committee shall be appointed by the Board from among their number and shall comprise not less than three (3) members, composed exclusively of non-executive directors, a majority of whom are independent.
    • The Chairman of the Committee shall be elected from among the members who is an independent non-executive director.
    • In the event of any vacancy in the Committee resulting in the number of members being reduced to below three (3), the Board shall within three (3) months fill the vacancy.
    • The membership of the Committee shall be terminated upon the cessation of him /her as a Director of the Company, or as determined by the Board.
    • Members of the Committee may relinquish their membership in the Committee with prior written notice to the Company Secretary.