BOC Hong Kong (Holdings) Limited’s newly published mandate defines the scope and responsibilities of its Nomination and Remuneration Committee. The document underscores the Committee’s role in reviewing the Group’s overall human resources strategy, remuneration framework, and director appointments. It also lays out procedures for board member selection, ensures ongoing professional development, and specifies annual self-assessments of both collective and individual performance.

The mandate clarifies guidelines for determining remuneration packages, monitoring the Group’s bonus allocations, and reviewing policies covering performance evaluations. It outlines the requirement for a majority of independent non-executive directors on the Committee, as well as the support expected from management and the authority granted to obtain independent professional advice. A formal induction and continuous training scheme for directors is also included. The document further highlights the Committee’s power to conduct an annual review of its own composition and performance, ensuring effective governance and alignment with regulatory standards.