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NOMINATION COMMITTEE CHARTER

<NOMINATION COMMITTEE CHARTER

  1. Purpose of the Nomination Committee
    The Nomination Committee (the “Committee”) of the Board of Directors (the “Board”) of TRAVELLERS INSURANCE AND SURETY CORPORATION, INC. (“TRISCO”) shall:
    1. Assist the Board in Developing and administering a fair and transparent procedure for setting policy on selection and identification of individuals suitably qualified to become members of the Board and relevant policy relating to the appointment or re-appointment of directors and succession planning for directors of TRISCO and for determining of determining their remuneration packages;
    2. Report, to and assist the Board in reviewing the structure, size and composition of TRISCO’s Board on a regular basis.
    3. Committee Membership
      The Committee shall be comprise of at least three (3) directors who shall be appointed by the Board, on the recommendation of the Nomination Committee, two of whom are non-executive directors and one independent director. The Board shall appoint a Chairman of the Committee.
  2. Organization/Meetings
    The Committee will meet at least four (4) times a year or more frequently, as it deems necessary or appropriate to carry its responsibilities. A majority of the members shall constitute a quorum. The Chairman shall, in consultation with other Committee members, set the agenda for and preside at meeting of the Committee.
    Meetings of the committee shall be summoned by the Committee Secretary at the request of any of its member by reasonable prior notice t0 all members.
    The Corporate Secretary of TRISCO shall act as Secretary of the Committee in all its meeting or, in his absence, any other designated individual shall record and keep minutes of all Committee meeting, including the names of those present and in attendance.
    Minutes of the Committee meetings shall be circulated promptly to all members of the Committee and to all members of the Board.
    The Chairman of the Committee shall attend the Annual General Meeting, prepared to respond to any shareholder question on the Committee’s activities.
  3. Committee Duties and Responsibilities
    The following are the duties and responsibilities of the Committee:
    1. The Nomination Committee shall review the structure, size and composition (including the skills, knowledge and experience) of the Board on a regular basis and make recommendations to the Board regarding any proposed changes;
    2. The Nomination Committee shall identify individuals suitable qualified to become members of the Board and select or make recommendations to the Board on the selection of, individuals nominated for directorship;
    3. The Nomination Committee shall assess the independence of the independent non-executive directors;
    4. The Nomination Committee shall make recommendations to the Board on relevant matters relating to the appointment or re-appointment of Directors and succession planning for Directors, in particular the Chairman and the Chief Executive Officers;
    5. Where the Board proposes a resolution to elect an individual as an independent non-executive director at a general meeting, the Nomination Committee shall set out in the circular to Shareholders and/or explanatory statement accompanying the notice of the relevant general meeting why they believe the individual should be elected and the reason why they consider the individual to be independent; and
    6. The Nomination Committee shall exercise such other powers, authorities and discretions, and perform such other duties, of the Directors in relation to the nomination of directors as the Board may from time to time delegate to it, having regard to this Charter.
  4. Reporting Responsibilities
    The Committee Chairman shall report formally to the Board it deems appropriate after each meeting on all matters within its duties and responsibilities and make recommendations to the Board it deems appropriate on any area within its limit where action or improvement is needed.
  5. Committee Self-assessment
    The Committee shall conduct an annual evaluation of its performance and report the results of such review to the Board. In connection with that annual review, the Committee shall also recommend to the Board, any modifications of this Charter that the Committee deems necessary or appropriate. The format of the self-assessment shall be determined by the Committee.
  6. Resources and Authority of the Committee
    The Nomination Committee is authorized by the Board to obtain external independent professional advice and to secure the attendance of outsiders with relevant expertise if it considers this necessary. The Nomination Committee shall be provided with sufficient resources to discharge its duties. It should be exclusively responsible for establishing the selection criteria, selecting, appointing and setting the terms of reference for any external nomination consultant who advises the Nomination Committee. TRISCO shall be responsible for any costs or expenses so incurred.
TRISCO-White-S4W

LEARN MORE ABOUT US

MAIN BRANCH

10th Floor G.E. Antonio Building T.M. Kalaw Street corner J. Bocobo Street, Ermita, Manila, Philippines

BUSINESS HOURS

8:00 AM – 6:00 PM

CONTACT

Telephone:

(632) 8400-9327
(632) 8521-3822
(632) 8521-5455

Fax:

(632) 8521-4931

Underwriting:

(632) 8525-1119

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© Travellers Insurance & Surety Corporation 2023, All Rights Reserved.
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NOMINATION COMMITTEE
CHARTER

<NOMINATION COMMITTEE CHARTER

  1. Purpose of the Nomination Committee
    The Nomination Committee (the “Committee”) of the Board of Directors (the “Board”) of TRAVELLERS INSURANCE AND SURETY CORPORATION, INC. (“TRISCO”) shall:
    1. Assist the Board in Developing and administering a fair and transparent procedure for setting policy on selection and identification of individuals suitably qualified to become members of the Board and relevant policy relating to the appointment or re-appointment of directors and succession planning for directors of TRISCO and for determining of determining their remuneration packages;
    2. Report, to and assist the Board in reviewing the structure, size and composition of TRISCO’s Board on a regular basis.
    3. Committee Membership
      The Committee shall be comprise of at least three (3) directors who shall be appointed by the Board, on the recommendation of the Nomination Committee, two of whom are non-executive directors and one independent director. The Board shall appoint a Chairman of the Committee.
  2. Organization/Meetings
    The Committee will meet at least four (4) times a year or more frequently, as it deems necessary or appropriate to carry its responsibilities. A majority of the members shall constitute a quorum. The Chairman shall, in consultation with other Committee members, set the agenda for and preside at meeting of the Committee.
    Meetings of the committee shall be summoned by the Committee Secretary at the request of any of its member by reasonable prior notice t0 all members.
    The Corporate Secretary of TRISCO shall act as Secretary of the Committee in all its meeting or, in his absence, any other designated individual shall record and keep minutes of all Committee meeting, including the names of those present and in attendance.
    Minutes of the Committee meetings shall be circulated promptly to all members of the Committee and to all members of the Board.
    The Chairman of the Committee shall attend the Annual General Meeting, prepared to respond to any shareholder question on the Committee’s activities.
  3. Committee Duties and Responsibilities
    The following are the duties and responsibilities of the Committee:
    1. The Nomination Committee shall review the structure, size and composition (including the skills, knowledge and experience) of the Board on a regular basis and make recommendations to the Board regarding any proposed changes;
    2. The Nomination Committee shall identify individuals suitable qualified to become members of the Board and select or make recommendations to the Board on the selection of, individuals nominated for directorship;
    3. The Nomination Committee shall assess the independence of the independent non-executive directors;
    4. The Nomination Committee shall make recommendations to the Board on relevant matters relating to the appointment or re-appointment of Directors and succession planning for Directors, in particular the Chairman and the Chief Executive Officers;
    5. Where the Board proposes a resolution to elect an individual as an independent non-executive director at a general meeting, the Nomination Committee shall set out in the circular to Shareholders and/or explanatory statement accompanying the notice of the relevant general meeting why they believe the individual should be elected and the reason why they consider the individual to be independent; and
    6. The Nomination Committee shall exercise such other powers, authorities and discretions, and perform such other duties, of the Directors in relation to the nomination of directors as the Board may from time to time delegate to it, having regard to this Charter.
  4. Reporting Responsibilities
    The Committee Chairman shall report formally to the Board it deems appropriate after each meeting on all matters within its duties and responsibilities and make recommendations to the Board it deems appropriate on any area within its limit where action or improvement is needed.
  5. Committee Self-assessment
    The Committee shall conduct an annual evaluation of its performance and report the results of such review to the Board. In connection with that annual review, the Committee shall also recommend to the Board, any modifications of this Charter that the Committee deems necessary or appropriate. The format of the self-assessment shall be determined by the Committee.
  6. Resources and Authority of the Committee
    The Nomination Committee is authorized by the Board to obtain external independent professional advice and to secure the attendance of outsiders with relevant expertise if it considers this necessary. The Nomination Committee shall be provided with sufficient resources to discharge its duties. It should be exclusively responsible for establishing the selection criteria, selecting, appointing and setting the terms of reference for any external nomination consultant who advises the Nomination Committee. TRISCO shall be responsible for any costs or expenses so incurred.
TRISCO-White-S4W

LEARN MORE ABOUT US

MAIN BRANCH

10th Floor G.E. Antonio Building T.M. Kalaw Street corner J. Bocobo Street, Ermita, Manila, Philippines

BUSINESS HOURS

     8:00 AM – 6:00 PM

CONTACT

Telephone:
     (+632) 8400-9327
     (+632) 8521-3822
     (+632) 8521-5455

Fax:
     (+632) 8521-4931

Underwriting:
     (+632) 8525-1119

FOLLOW US

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icon-twitter
MNLeistung

© Travellers Insurance & Surety Corporation 2023, All Rights Reserved.
Terms & Condition | Data Privacy

TERMS AND CONDITION
Agreement: 

“I hereby agree to the privacy declaration above stated and give authority to disclose and verify the information rendered.”

Declaration:

This agreement establishes the terms and conditions under which the TRAVELLERS INSURANCE & SURETY CORPORATION can acquire and use data from the other party. Either party may be a provider of data to the other, or a recipient of data from the other.

  1. The confidentiality of data pertaining to individuals will be protected as follows:
  2. The data recipient will not release the names of individuals, or information that could be linked to an individual, nor will the recipient present the results of data analysis in any manner that would reveal the identity of individuals.
  3. The data recipient will not release individual addresses, nor will the recipient present the verified data in any manner that would reveal individual addresses.
  4. Both parties shall comply with all State laws and regulations governing the confidentiality of the information that is the subject of this Agreement.
  5. The data recipient will not release data to a third party without prior approval from the data provider.
  6. The data recipient will not share, publish, or otherwise release any findings or conclusions derived from analysis of data obtained from the data provider without prior approval from the data provider.
  7. The data recipient affiliates, subsidiaries, contractors, partners, agents and representatives, intermediaries, industry associations, and other third parties access to personal information of the data provider, including this form, for purposes of marketing, sales or promotional information campaigns, and provision of any products, services, or offers through mail/email/SMS/telephone, or any type of electronic facility.
  8. Data transferred pursuant to the terms of this Agreement shall be utilized solely for the purposes set forth in the “Agreement”.

By signing this form, I hereby certify that I have read and understood the foregoing and this consent remains valid and binding unless I submit a written notice to Travellers Insurance & Surety Corporation revoking or altering the same.

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