Qilu Expressway (Stock Code: 1576) recently released an updated Terms of Reference for its Nomination Committee, highlighting structural and procedural guidelines to enhance selection standards for directors and senior management. According to the document, the committee consists of four directors, with a majority serving as independent non-executive directors. The chairman of the Nomination Committee may be the chairman of the board or an independent non-executive director.

The newly outlined responsibilities include examining candidate selection benchmarks, proposing qualified nominees, and advising on board composition. The document further details meeting procedures, voting requirements, and documentation standards, emphasizing transparency and compliance with relevant regulations. The committee may enlist professional advice when needed, with all decisions submitted to the board for final approval, reflecting a clear commitment to robust governance principles.