According to a recent announcement, ZhongAn Online P & C Insurance Co., Ltd. (Stock Code: 6060) has updated the Terms of Reference for its Nomination and Remuneration Management Committee, originally established on July 20, 2021. The revised guidelines outline the committee’s mandate to identify and recommend qualified individuals for director and senior management positions, guide procedures for evaluating board performance, and ensure alignment with relevant regulatory standards.

Under the new framework, the committee must comprise at least three directors, including a minimum of one female member and a majority of independent non-executive directors. It is required to convene at least once a year to handle key responsibilities, such as reviewing board composition, developing remuneration policies, assessing the independence of directors, determining compensation packages, and supervising incentive programs. The committee also manages succession planning for senior management and ensures transparent procedures for any proposed changes in leadership.