BYD Company Limited (“BYD”) has announced updated Implementation Rules of the Nomination Committee, effective from 30 October 2025. The document outlines clear objectives for strengthening corporate governance, including regulating the nomination process for directors, the President, and other senior officers, as well as reinforcing the transparency of selection and appointment procedures. These rules designate the Nomination Committee as a special committee under the board of directors, ensuring it reports directly to the Board.

The guidelines stipulate that the Nomination Committee shall consist of at least three members, with one member of a different gender and more than two-thirds being independent non-executive directors. The responsibilities include assessing the independence of proposed candidates, reviewing the Board’s structure annually, and developing standards and procedures to identify suitable directors, the President, and senior officers. The Chairman of the Nomination Committee must be an independent non-executive director, while all members are nominated by the Chairman of the Board and appointed by the Board. In cases of conflict of interest, members must abstain from voting on relevant nominations.

Key operational details include quorum requirements, meeting procedures, maintenance of written records, and provisions for inviting company directors and officers to attend meetings as needed. The document also clarifies that final decisions rest with the Board. If the Board does not adopt the Nomination Committee’s recommendations, any dissenting views from the committee and corresponding reasons must be recorded. The new rules underline the company’s commitment to a transparent, fair, and merit-based process for senior leadership appointments.