Summary by Moomoo AI
boc hong kong (Holdings) Limited recently updated its terms of reference for the Nomination and Remuneration Committee, clarifying various aspects of the committee's work including goals, roles, responsibilities, composition, meeting frequency, authority, and annual evaluation. The committee is a standing committee under the board of directors, primarily responsible for overseeing the Group's human resources strategy, compensation strategy, and incentive framework, and participating in the selection, nomination, and appointment of directors and senior management. The committee will ensure that directors and committee members have the skills, experience, and knowledge necessary to fulfill their duties, and will be responsible for setting relevant compensation. In addition, the committee will conduct performance evaluations of the board of directors and various committees to...Show More