TERMS OF REFERENCE OF NOMINATION AND REMUNERATION COMMITTEE

  1. MEETINGS

    • The Committee shall meet at least once a year. However, additional meetings may be called at any time at the Committee Chairman’s discretion or if requested to do so by any member or the Board.
    • In the absence of the Committee Chairman, the remaining members present shall elect one of the independent non-executive members as chairman of the meeting.
    • A member of the Committee shall abstain from participating in discussions and decisions on matters directly involving him/her to avoid a conflict of interest situation.
    • Other Board members, Executive Directors and/or other appropriate officers may attend meetings upon the invitation of the Committee.