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ELEGANCE
INTERNATIONAL HOLDINGS LIMITED
TERMS
OF REFERENCE OF NOMINATION COMMITTEE
Constitution
The
Board(“Board”) of Elegance International Holdings
Limited(“Company”) hereby resolves to establish a
Committee of the Board to be known as Nomination
Committee(“Committee”).
Members
The
Committee shall be appointed by the Board from amongst the
Independent Non-executive Directors. A quorum shall be two
members. The first period of appointment for Committee members
shall be two years. The Chairman of the Committee shall be
appointed by the Board.
Meetings
The
Committee should meet before the holding of an annual general
meeting where appointment of directors will be considered.
Additional meetings should be held as the work of the Committee
demands.
Duties
of the Committee
review the
structure, size and composition (including the skills, knowledge
and experience) of the board on a regular basis and make
recommendations to the board regarding any proposed changes;
identify
individuals suitably qualified to become board members and select
or make recommendations to the board on the selection of,
individuals nominated for directorships;
assess
the independence of independent non-executive directors;
make
recommendations to the board on relevant matters relating to the
appointment or re-appointment of directors and succession
planning for directors in particular the chairman and the chief
executive officer; and
do
any such things to enable the Committee to discharge its power
and functions conferred on it by the Board.
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