Bank of Jiujiang Co., Ltd. (Stock Code: 6190) has issued updated Terms of Reference for its Board of Directors’ Nomination and Remuneration Committee. The document clarifies the committee’s role in optimizing the board’s composition, overseeing the selection and assessment of directors and senior management, and refining remuneration management.

Under the revised guidelines, the committee’s composition must include at least three directors, a majority of whom are independent, and at least one director of a different gender. The chairman of the committee is required to be an independent director. The term of office for each committee member is synchronized with that member’s directorship.

The document outlines the main responsibilities, including formulating proposals for director and senior executive appointments, reviewing remuneration policies and systems, managing performance evaluation processes, and assessing the independence of independent directors. The committee is required to hold at least two meetings per year, with attendance regulations to ensure the validity of decisions.

The updated Terms of Reference take immediate effect following approval by the board. The bank highlights the importance of compliance with relevant legal requirements and provisions in its Articles of Association and Listing Rules. If there is a conflict with any newly promulgated regulations, the new laws and rules will prevail, and the terms will be amended accordingly.