Board Oversight

Nominating & Governance Committee

The Nominating & Governance Committee is responsible for ensuring the Board of Governors comprises individuals of exceptional character, expertise, and independence. The Committee oversees director nomination, board evaluation, corporate governance standards, and adherence to the Enterprise’s constitutional framework.

Nomination Process Governance Oversight

Director Nomination

Board Nomination Process & Standards

Needs Assessment

Annual evaluation of Board composition identifying skills gaps, diversity needs, and succession requirements. Aligned with the Enterprise’s strategic plan and governance principles.

Candidate Search

Comprehensive search utilizing professional networks, independent search firms, and institutional referrals. The Committee maintains a confidential candidate database.

Due Diligence

Background verification, reference checks, conflict-of-interest screening, and financial probity assessment. All candidates undergo enhanced due diligence.

Interview & Recommendation

Panel interviews conducted by Committee members. Recommendation presented to the full Board with a detailed qualifications memorandum.

Board Approval

Full Board vote on nomination. Approved candidates are appointed for an initial three-year term, subject to annual performance review.

Director Qualifications

◆

Independence

Minimum two-thirds of Board members must be independent of management and material relationships.

◆

Financial Expertise

All members must demonstrate financial literacy; minimum three members qualified as financial experts.

◆

Industry Experience

Relevant experience in institutional investment, banking, regulation, or fiduciary governance required.

◆

Integrity Standard

No convictions, regulatory sanctions, or bankruptcy proceedings in candidate’s history.

Board Demographics

Board Seats

67%

Independent

33%

Diverse

8yr

Avg. Tenure

100%

Financial Literate

Governance Oversight

Corporate Governance Framework

Charter & Bylaws

Maintains and reviews the Enterprise Charter, Board bylaws, and committee terms of reference. Recommends amendments to the full Board for approval.

Board Evaluation

Administers annual Board and committee self-assessments. Engages external facilitators for comprehensive governance reviews every three years.

Director Development

Develops and maintains director orientation programs, continuing education requirements, and access to external governance resources.

Key Governance Policies

Code of Conduct & Business Ethics

Conflict of Interest Policy

Insider Trading & Disclosure Policy

Whistleblower Protection Policy

Director Independence Standards

Succession Planning Framework

Succession Planning

Board Succession & Continuity

Chair Succession

The Committee maintains a confidential Chair succession plan, reviewed annually. Potential successors are identified from within the Board, assessed against leadership criteria, and provided with developmental opportunities including deputy chair responsibilities.

Plan Current

Board Renewal

Staggered director terms ensure continuity while enabling orderly renewal. The Committee reviews tenure distribution annually and actively recruits candidates to address identified skills gaps or diversity objectives.

3-Year Rolling Plan

3yr

Director Term

Maximum Terms

Age Limit

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