Nominating Committee Charter

A nominating committee charter is a document that outlines the purpose, composition, and responsibilities of a corporation’s nominating committee. The nominating committee is a standing committee of the board of directors that is responsible for identifying and recommending candidates for election to the board, as well as overseeing the board’s composition and effectiveness. The charter typically specifies the qualifications and independence requirements for committee members, as well as the criteria and processes for identifying and evaluating potential board candidates. It also sets forth the committee’s specific duties, such as developing and recommending corporate governance guidelines, overseeing the board’s self-evaluation process, and reviewing the corporation’s succession planning for senior management. The nominating committee charter is an important tool for ensuring the board’s independence, diversity, and effectiveness.