Fibocom Wireless Inc. has released a detailed set of Terms of Reference outlining the structure, responsibilities, and procedures for its Nomination Committee. The committee is established to regulate the selection and appointment of directors and senior management, aiming to optimize board composition and improve the company’s overall corporate governance.

According to the announcement, the Nomination Committee will have three directors, with a requirement that two be independent. Additionally, the membership must include at least one director of a different gender. Its core responsibilities involve reviewing and advising on the criteria and procedures for choosing directors and senior management, nominating or removing directors, assessing the independence of non-executive directors, and formulating board diversity policies.

The Terms of Reference specify that the committee is required to meet at least once annually. Decisions must be approved by a majority of the committee, and meeting resolutions will be formally reported to the board. These measures take effect from the date of listing of the company’s H shares on The Stock Exchange of Hong Kong Limited, further underscoring Fibocom Wireless Inc.’s commitment to robust corporate governance practices.