Ausupreme International Holdings Limited (Stock Code: 2031) has released an updated Terms of Reference for its Nomination Committee, aligning with the Corporate Governance Code requirements. The Committee was originally established by board resolutions on 20 July 2016, following the company’s listing on the Main Board of The Stock Exchange of Hong Kong Limited on 12 September 2016.

The new document specifies that Committee membership must consist of at least three directors, with a majority being independent non-executive directors, and include at least one member of a different gender. Meetings are to be held at least once a year, and the Committee’s responsibilities include reviewing board composition, identifying director candidates, assessing director independence, and making recommendations on appointments or re-appointments.

The Terms of Reference also outline the Committee’s authority to investigate relevant activities, with access to sufficient information for informed decision-making. Ongoing obligations include evaluating directors’ ability to fulfill responsibilities effectively, reporting to the board on decisions and recommendations, and maintaining transparency through disclosures of the Committee’s function and scope. The document is made available on the company’s website and The Stock Exchange of Hong Kong Limited’s website.