Nomination and Remuneration Committee definition
Examples of Nomination and Remuneration Committee in a sentence
The Nomination and Remuneration Committee discharges its responsibilities by making recommendations to the Board, but it does not have any executive powers to commit the Board or management to their implementation.
The Nomination and Remuneration Committee is not responsible for supervising the performance of executives and is not involved in day-to-day operations, management functions or decision making.
Any member of the Nomination and Remuneration Committee or the secretary may call a meeting of the Nomination and Remuneration Committee.
The quorum for a meeting is 2 members or any greater number determined by the Nomination and Remuneration Committee from time to time.
An appointment to the Nomination and Remuneration Committee will automatically terminate on that member ceasing to be a director of the Board.