CMOC recently approved updated Detailed Working Rules for its Nomination and Governance Committee, with the decision passed at the fifth meeting of the seventh session of the Board on 17 November 2025. The revised framework seeks to improve corporate governance and promote transparent oversight of director and senior management appointments.

According to the updated guidelines, the Nomination and Governance Committee is established as a specialized unit under the Board of Directors, entrusted with nominating new director and senior management candidates, assessing governance practices, and monitoring systems to ensure regulatory compliance. The Committee must consist of at least three directors, the majority of whom are independent non-executive directors, with a chair who is either the Chair of the Board or an independent non-executive director.

The revised rules illustrate meeting protocols, specifying that the Committee convenes at least once annually. Provisions address procedural requirements for voting and record-keeping, emphasizing methodical documentation and efficient execution of approved initiatives. For critical decisions, the Committee retains the right to seek external professional advice when necessary.

The updated rules also highlight responsibilities such as continuous oversight of board diversity, the professional development of directors and senior management, and the consistent review of corporate governance standards. The new rules are effective upon approval by the Board of Directors.