Desun Real Estate Investment Services Group Co., Ltd. (Stock Code: 2270) has released the formal Terms of Reference for its Nomination Committee. According to the announcement, the Nomination Committee was established by Board resolutions on November 22, 2021, and is composed of at least three directors, with a majority serving as independent non-executive directors and at least one director of a different gender.

The committee is chaired by either the Board’s chairman or an independent non-executive director, meeting no less than once a year. It has the authority to request information from any employee as necessary and may seek independent professional advice at the company’s expense. In its capacity, the Nomination Committee oversees Board composition, assesses the independence of independent non-executive directors, reviews succession planning, and monitors progress in maintaining a diverse Board and senior management. The committee is also responsible for evaluating prospective directors, drawing up policies to support Board diversity, and ensuring that non-executive directors receive clear documentation about their responsibilities.

Complete meeting minutes are kept for inspection, and the Board is regularly informed of Nomination Committee discussions and decisions. The Terms of Reference are available on the Stock Exchange and the company’s website, providing clarity on the committee’s objectives, structure, and reporting procedures.