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Aug 6th, 2022
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The primary purposes of the Nominating and Governance Committee (the Committee) are to monitor compliance with good corporate governance standards; to identify individuals qualified to become Board members; to recommend to the Board director nominees for election at the annual meeting of shareholders or for election
Overview​ This document describes the governance process under which the project operates. It describes the election process for the Governance Committee (GC) and how the committee operates.
Governance specialists sum up corporate governance in four words: people, purpose, process, and performance. These four Ps serve as the foundational principles for both the existence and operation of governance.
Corporate governance is the system of rules, practices and processes by which a company is directed and controlled. Corporate Governance refers to the way in which companies are governed and to what purpose. It identifies who has power and accountability, and who makes decisions.
Why is a Board Charter Vital for Good Corporate Governance? A board charter fosters a culture of good corporate governance by serving as a reference guide for directors. It establishes the principles and standards of conduct that the directors should adhere to, thereby ensuring ethical decision-making.
Many charters begin with a brief overview of the committees purpose. This may involve crafting a mission statement or statement of purpose. The goal is to describe the boards intentions for creating the committee as well as how those intentions translate to the committees objectives.
The Charter sets out the main aspects of a companys corporate governance, such as its governance structure, the internal regulations of the Board of Directors, its committees, and the Executive Committee, together with other important topics.
A well-structured Board Charter is more than a document its a blueprint for effective corporate governance, a compass guiding decision-making, and a beacon of transparency that ensures the interests of stakeholders are diligently safeguarded.

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