Governance and Nominating Committee

Abstract

The fulfilment of the legal duties and responsibilities of the board of directors with respect to compliance with corporate governance regulations and principles is typically led by a board-level governance and nominating committee. This chapter covers regulatory requirements relating qualifications of directors, including “independence” and financial expertise; the scope of duties and responsibilities of the committee, including identification and selection of qualified directors, development and implementation of governance codes and policy statements and oversight of directors’ education and performance assessment; and processes for evaluation of the performance of the committee and the entire board (including individual members of the board).