Page 175 - Sigmaroc Annual-Report 2023

Nomination Committee
The Nomination Committee keeps the leadership of the Group under review and ensures the Board can govern effectively now and in the future.
KEY ACTIVITIES CARRIED OUT IN 2023
During the year the Nomination Committee undertook a search for potential independent non-executive director candidates to be appointed to the Board to bolster the Company’s corporate governance.
COMMITTEE DUTIES
The duties of the Nomination Committee are as follows:
• To be responsible for identifying and nominating for the approval of the Board, candidates to fill Board vacancies as and when they arise;
• Evaluate the balance of skills, knowledge and experience on the Board;
• Keep up to date and fully informed about strategic issues and commercial changes affecting the Group and the market in which it operates;
• Give full consideration to succession planning for both executive and non-executive directors and other senior management in the course of its work, taking into account the challenges and opportunities facing the Company and what skills and expertise are therefore needed on the Board in the future;
• Regularly review the structure, size and composition (including the skills, knowledge and experience) required of the Board compared to its current position and make recommendations to the Board with regard to any changes;
• Keep under review the leadership needs of the organisation, both executive and non- executive, with a view to ensuring the continued ability of the organisation to compete effectively in the marketplace;
• The Nomination Committee shall make recommendations to the Board as regards plans for succession for both executive and non-executive directors.
"It is a pleasure to be the Chairman of the Nomination Committee in a business that
is exponentially growing. I
look forward to supporting the Group in ensuring that we have the best executive and senior management teams in place that suit the strategy, business model and culture of SigmaRoc." This report was approved by the Board on 17 March 2024.
Simon Chisholm
Independent Non-Executive Director
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Harries site in Foelfach, Wales