BOC Hong Kong (Holdings) Limited (“the Company”), together with Bank of China (Hong Kong) Limited and related subsidiaries (collectively “the Group”), released a document dated October 2025 outlining the Mandate of the Nomination and Remuneration Committee. The committee holds overarching responsibility for human resources and remuneration strategies, identification and appointment procedures for certain senior management and directors, and regular evaluation of board composition and performance.

According to the announcement, the committee is tasked with reviewing recruitment, training, and performance appraisal approaches to ensure the Group’s staffing strategies align with business needs. It also oversees remuneration frameworks covering short- and long-term incentives, ensuring practices remain compliant with regulatory guidelines such as the Hong Kong Monetary Authority’s standards on sound remuneration systems. In addition, the committee assesses director independence, formulates policies for board and senior management succession planning, and coordinates tailored induction and ongoing training programs.

The document states that the committee is comprised entirely of non-executive directors, with an independent non-executive director serving as chair and a majority of members also independent. The committee may engage external advisors for professional input, and it holds authority to recommend and approve the remuneration of directors, senior management, and key personnel. Committee members are expected to maintain active engagement, keep informed about the Group’s responsibilities, and ensure that processes and decisions support the Group’s risk management framework. The announcement underscores that any changes to this mandate require board approval and that the committee undergoes an annual effectiveness review.