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Nomination committee - Coggle Diagram
Nomination committee
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The Code states that
Appointments to the board should be subject to a formal, rigorous and transparent procedure and an effective succession plan should be maintained for board and senior management
The Code requires the board to establish a nomination committee to lead the process for board appointments and succession planning
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Standard practice to identify the chair and members of the nomination committee in the annual report even thought the Code no longer specifically requires this
The CS/GP will usually act as secretary to the committee and play a major role in assisting it in the performance of its duties