In accordance with the Malaysian Code on Corporate Governance, the Nominating Committee is set up to provide recommendations to the Board candidates for all directorship of the Company. The final decision on the appointment of any directors of the Company shall be made by the Board.
The Nominating Committee shall be responsible in ensuring the appropriate Board balance and size, and that the Board has a required mix of responsibility, skills and experience. An annual review of the mix of skills, experience and other core competencies of the Board shall be made by the Nominating Committee.
The Nominating Committee shall consists wholly of non-executive directors. The members of the Nominating Committee shall elect a Chairman from amongst its members who shall be an independent non-executive director.
The Nominating Committee shall meet at least once annually or as and when in necessary. The quorum of the meeting shall be two members.
The Company Secretary shall act as Secretary to the Nominating Committee and shall be responsible for keeping minutes of meetings of the Nominating Committee and circulating them to the Nominating Committee members.
A resolution in writing signed by all the Committee Members shall be as effective for all purposes as a resolution passed at a meeting of the Nominating Committee duly convened, held and constituted. In case any Committee Member is absent from Malaysia a resolution signed by the other Committee Members, (not being less than two), shall be valid and effectual.
If a member of the Committee resigns, dies or for any other reason ceases to be a member with the result that the number of member is reduced below three (3), the Board of Directors shall within three (3) months of that event, appoint such number of new member as may be required to make up the minimum number of three (3) members.