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FAQ 15.20

​Nominating committee

 

​15.20​Rule 15.08A(3) of the ACE LR states that a listed corporation must provide in its annual report, a statement about the activities of its  nominating committee in the discharge of its duties for the financial year. Such statement must include how the requirements set out in Rule 2.20A of the ACE LR are met and contain the following information:
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​​(a)​the policy on board composition having regard to the mix of skills, independence and diversity (including gender diversity) required to meet the needs of the listed corporation​
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​​(b)the board nomination and election process of directors and criteria used by the nominating committee in the selection process; and​
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​​(c)​​the assessment undertaken by the nominating committee in respect of its board, committees and individual directors together with the criteria used for such assessment.
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Can a listed corporation publish the information required under sub-Rule (a), (b) and (c) above on its website instead of the annual report?​ ​

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A listed corporation must publish the above information in its first annual report issued after the effective date of Rule 15.08A(3). In respect of the subsequent financial years, the listed corporation may publish such information on its website provided that the requirements under Rule 9.25(1) of the ACE LR are complied with.