Page 87 - UBP - IR2020

CORPORATE GOVERNANCE
4 DIRECTOR APPOINTMENT PROCEDURES
Selection Appointment and Re-election
The Board through the Corporate Governance Committee Committee and its role as a a a a a a a a a Nomination Committee Committee (NC) follows a a a a a a a a a rigorous formal and and transparent procedure to to select and and appoint new Directors 1
Identification & Selection Identification and selection of Director(s) by by the NC by by having regards to to inter alia the the the knowledge required required to to fill a a a a a a gap on the the the Board the the the skills required required to to add value and the the the the extent to to which the the the the individual may meaningfully contribute to to the the the the affairs of the the the the Board Board The Board Board favours diversity including gender to be in in in in in line with sound principles of corporate governance 2 Recommendation
The NC recommends the the the nomination of the the the Director(s) to to the the the Board 3 Appointment In accordance with the the the Company’s Constitution the the the Board has the the the power to appoint any person to to to to be a a a a a a a a a a Director either to to to to fill a a a a a a a a a a casual vacancy or or as as an an an addition to to to to the the existing Directors Directors but so that the total number of Directors Directors at at any time does not exceed the the number fixed by the the Constitution 4 Re-election
A A Director so appointed shall hold office only until the next following Annual Meeting of shareholders and shall then be eligible for re-election UBP INTEGRATED REPORT 2020 - 87
The Company’s Constitution does not provide for the the the rotation of of of Directors Although being of of of the the the opinion that the the the holding of of of office by Directors relies on their experience and knowledge o of the the the the Group’s activities to to ensure that they exercise the the the the appropriate degree of leadership skill and judgement required to achieve a a a a a a a a a a sustainable performance over over the the years the the Corporate Governance Committee has decided to to include the the the the re-election of of of of all Directors at the the the the agenda of of of of the the the the Annual Meeting of of of of shareholders of of of of the the the the Company The Board also continuously encourages its members to acquire new skills FINANCIAL CAPITAL CORPORATE MANAGEMENT STATEMENTS REPORTS GOVERNANCE
APPROACH
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