Introduction
Audit
Committee Charter
Board
Charter
Code
of Conduct
Nomination
Committee Charter
Remuneration
Committee Charter
Trading
Policy
Nomination Committee Charter
PURPOSE
To ensure that there are defined procedures for the selection
and appointment of new Directors to the Community Life Limited
Board.
PROCEDURE
ASX Corporate Governance Council recommends that companies should
establish a nomination committee and it should have a charter.
Given the size of the Board, the Board has informal and transparent
procedures for the selection and appointment of new directors
to the Board to help promoting understanding and confidence in
that process.
FUNCTION
The function of the Nomination Committee is to assist the Board
in fulfilling its corporate governance responsibilities in relation
to:
• board appointment and performance;
• committee membership;
• executive management succession planning, appointments
and terminations; and
• other matters refereed to the Committee by the Board.
COMMITTEE MEMBERSHIP
The Committee is appointed by the Board and is to consist of two
independent non-executive Directors. The Committee is to report
to the Board. The Chairman of the Committee is to be an independent
non-executive Director and is to be appointed by the Board.
BOARD APPOINTMENTS
1. Board Composition
The Board’s Charter requires that the Board comprise a majority
of non-executive Directors with a broad range of expertise, skills
and experience. Particular candidates may also be considered where
they hold particular experience in the various activities conducted
by the Community Life group.
2. Identification of Potential Board Candidates
The Board and each of the individual Directors are expected to
be continually on the look out for candidates that they consider
may be valuable members of the Board.
At various times the Board may also determine that there is a
specific requirement for a Director with a particular skill set,
and at this time external consultants may be engaged to identify
potential candidates.
3. Selection
Once a potential candidate had been identified that candidate
would be expected to provide a copy of their resume detailing
their skills and experience. The Board, generally as part of a
Board meeting, would interview the candidate and also explain
details of Community Life, its operations, policies and expectations.
The Board, as a whole, shall consider the appointment and this
is subject to the Directors’ voting arrangements set out
in the Company’s Constitution.
4. Composition of Committee
When it is considered appropriate, the Committee is to review
the composition of Committees and submit recommendations to the
Board for changes to those Committees.
5. Board Performance
The Committee will review and make recommendations to the Board
on the operation and performance of individual Directors and the
Board, with particular attention to identifying, assessing and
enhancing Director competencies.
6. Committee Review
To determine whether it is functioning effectively, once each
year the Committee shall:
• review this Charter; and
• undertake an evaluation of its performance.
