The Nomination Committee was established in June 2005. All members are Non-Executive Directors and the majority are independent.

The Nomination Committee is responsible for formulating policy and making recommendations to the Board on nominations, appointment of Directors and Board succession. The Committee develops selection procedures for candidates, and considers different criteria including appropriate professional knowledge and industry experience, as well as consulting external recruitment professionals when required. The Committee also reviews the size, structure and composition of the Board and assesses the independence of Independent Non-Executive Directors. The Committee is provided with sufficient resources enabling it to discharge its duties.

Non-Executive Directors are appointed for specific terms of two or three years. All Directors retire from office by rotation and are subject to re-election at an AGM at least once every three years.