NOMINATION COMMITTEE CHARTER
The Board of Formosa Prosonic Industries Berhad (“FPI or the Company”) has established a Nomination Committee. This Charter sets the guidelines and functions of the Nomination Committee. The Nomination Committee is responsible for the adherence to the Nomination Committee Charter.
1 BOARD APPROVAL
1.1 The Board has approved this Charter. The Board may approve updates and amendments to this Charter from time to time.
2.1 Unless the contrary intention is expressed in this Charter, the following words (when used in this Charter) have the meaning set out below:
3 NOMINATION COMMITTEE MEMBERSHIP
3.1 The members of the Nomination Committee should comprise exclusively of non-executive Directors and a majority of whom must be independent. The Chairman of the Nomination Committee will be appointed by the Board and should be a senior independent Director.
4 NOMINATION COMMITTEE OPERATION
4.1 The Nomination Committee will meet at least once annually. Additional meetings may be convened as required by the Committee.
5 NOMINATION COMMITTEE PURPOSE
5.1 Shareholders are able to vote for representation on the Board of the Company, although it is accepted that the Board will play a role in facilitating this process. The Nomination Committee will assist the Board in performing this role.
6.1 Responsibilities of the Nomination Committee will include:
7 CRITERIA FOR SELECTION OF DIRECTORS
Directors can be nominated by the Board or by shareholders or by management.
As part of the director selection process the Nomination Committee will consider the following issues regarding a director nominee:
8 ACCESS TO THIS BOARD CHARTER
This Charter will be available for viewing in the Company's annual report or a copy will be sent upon request.