Succession Planning Policy
The Company realized the important of the selection of personnel to succeed in all levels with transparencyand fairness in order to ensure that the operations of the Company would be continually managed and be capable to expand its operations and customers instantly. The Nomination and Remuneration Committee should be responsible for governing and enforcing the Company to issue and review the development and succession plan of the key positions which would be beneficial to the business operations, for instance the position of Managing Director, Chief Executive Officers and Key Positions which would be essential to the Managerial Structure, position of unique skills, depth expertise and hard to replace.
Guidelines
- The Committee would assess the situation in the business.
- The personnel efficiency along with the Company’s strategy in short-term and long-term.
- Planning the nomination and selection of the qualified personnel with knowledge, skills and expertise, as well as leadership skills adequately.
- Developing and preparing in all aspects, to comply with the human resource development plan.
- The assessment of potential performance as expected and scheduled, leading to achieve the objectives of the organization.
- Proposed to Board of Directors for approval and/or acknowledgement, including reporting the operation results to the Board of Directors at least once a year.