28 Fostering Sustainable Ecosystems About the Report Leadership Messages About the Theme Corporate Overview Stakeholder Engagement and Materiality Assessment Our ESG priorities and Performance Nomination and Selection of the Highest Governance Body The process of nominating and selecting members for the highest governance body involves a comprehensive set of criteria. These criteria are designed to ensure that the selected individuals can lead the organization effectively and responsibly, while also aligning with the interests of various stakeholders. Key Criteria for Nomination and Selection of Highest Governance Body: The nomination and selection process are designed to ensure that the highest governance body is composed of individuals who are not only qualified and experienced, but also aligned with the interests of stakeholders and committed to the organization’s success, with sustainability at its core. INDEPENDENCE VIEWS OF STAKEHOLDERS COMPETENCIES RELATED TO THE IMPACT OF ORGANISATION The independence of the nominees is evaluated. This involves assessing the interests of stakeholders in concerning to the nominee and vice versa. An independent governance body can make unbiased decisions that are in the best interest of the organization. The views of stakeholders, including shareholders, are considered during the nomination and selection process. This includes the reasons for nominating a particular individual, their consent for selection, the level of trust stakeholders have in them, and any legal obligations. The nominees’ competencies related to the impacts of the organization are assessed. This includes their professional qualifications and their exposure to related industries. Additionally, involves evaluating the impact they have generated in their previous organizations. The following factors are considered to ensure nomination and selection of Board of Directors DIVERSITY The diversity of the nominees’ backgrounds is considered. This includes the variety of industries and companies they have served in the past. A diverse governance body can bring a range of perspectives and ideas, which can enhance decision-making and innovation.
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