Summary
This document is a guide outlining the terms of reference for the Nomination Committee of ABRDN Asia Focus PLC. It specifies that all listed companies should establish a Nomination Committee responsible for leading the process of Board appointments and making recommendations to the Board. The Committee should consist of a majority of independent non-executive Directors, with the Chairman of the Board also serving as the Committee's Chairman. The duties of the Committee include identifying and nominating candidates for Board vacancies, evaluating the skills and experience needed on the Board, and reviewing the structure and composition of the Board. Additionally, the Committee is tasked with making recommendations regarding succession planning, re-election of Directors, and ensuring non-executive Directors receive formal letters of appointment. The Committee must also disclose its activities and membership in the Annual Report, ensuring transparency in its operations.
