What is a Nominations Committee?
Definition
A nominations committee is a group of board members or individuals who are responsible for the identification, selection, and nomination of candidates for board positions within an organization.
Key Functions
The key functions of a nominations committee generally include:
- Identifying and recruiting potential candidates with the necessary skills and experience
- Evaluating the qualifications and fit of candidates for board positions
- Nominating candidates for election or appointment to the board
- Ensuring the board maintains a diverse and independent composition
- Staying abreast of best practices and trends related to corporate governance
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