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Kuwait Energy
Kuwait Energy Plc, Queensway House, Hilgrove Street, St Helier, Jersey JEI 1ES, Channel Islands
(o)
review corporate governance policies and practices throughout the Company and make
relevant proposals to the board to improve their effectiveness;
(p)
monitor trends and best practices in corporate governance and nomination practices in order
to properly discharge its duties;
(q)
review the Company’s compliance with the provisions of the UK Corporate Governance
Code; and
(r)
make available this charter, explaining the role and the authority delegated to it by the board
by including the information on the Company’s website.
20.
The nomination committee shall make recommendations to the board with regard to:
(a)
plans for succession for executive and non-executive directors and in particular the key roles
of chairman and chief executive;
(b)
the appointment of the company secretary;
(c)
the appointment of the senior independent non-executive director;
(d)
membership of the audit and remuneration committees, and any other board committees as
appropriate, in consultation with the chairmen of those committees;
(e)
the election by shareholders of directors under the annual re-election provisions of the UK
Corporate Governance Code having given due regard to his or her performance and ability
to continue to contribute to the board in the light of the knowledge, skills, and experience
required and the need for progressive refreshing of the board; and
(f)
the appointment of any director to an executive or other office of the Company (other than to
the positions of chairman and chief executive, the recommendation for which would be
considered at a meeting of the board).
21.
The nomination committee is authorised by the board to investigate any activity within the scope of
its duties.
Reporting responsibilities
22.
The chairman of the nomination committee shall report formally to the board on its proceedings after
each meeting on all matters within its duties and responsibilities.
23.
The nomination committee shall make whatever recommendations to the board it deems appropriate
on any area within its remit where action or improvement is needed.
24.
The nomination committee shall prepare a statement for inclusion in the annual report which
describes the roles and responsibilities of the nomination committee and actions taken by the
committee to discharge those responsibilities, including the process it has used in relation to board
appointments. The report should also give an explanation if neither an external search consultancy
nor open advertising has been used in the appointment of the chairman or a non-executive director.
The report should also list the names of all members of the committee, the number of committee
meetings and attendance by each member.