165 SECTION 5 COMMITMENT TO GOVERNANCE INTEGRATED ANNUAL REPORT 2025 iv. Majority Decision All decisions of the NRC shall be decided on the votes of the simple majority of Members present physically or virtually, and such decisions shall be submitted to the Board for approval. The Director(s) concerned shall abstain from discussion on their own remuneration and/or nomination. v. Casting Vote In the event there be an equality of votes, then the Chairman of the meeting shall have a casting vote. vi. Frequency of Meetings The NRC shall meet at least annually or at such other frequency as the Chairman may determine. vii. Notice of Meetings Minimum seven (7) days or such shorter notice as the NRC may deem fit depending on the nature and prevailing circumstances at hand. viii. Secretary The Group Company Secretary shall be the Secretary for the NRC. In the event that the Group Company Secretary is unable to attend, an assistant or deputy Secretary(s) may be appointed for that specific meeting. ix. Minutes of Meetings The Secretary shall prepare the minutes of each NRC meeting within 2 weeks of the meeting and table the minutes at the next meeting and shall circulate the same for each Member’s record. The Chairman’s confirmation of the Minutes shall be taken as a correct record of the proceedings thereat. The Chairman of the NRC shall report on the key points of each meeting to the Board. x. Directors’ Fit and Proper Policy The Directors’ Fit and Proper Policy was established on 23 May 2022 to assess the appointment and re-appointment of Directors, Chief Executive Officer and Chief Financial Officer. The terms of the Directors’ Fit and Proper Policy are reviewed and updated from time to time to ensure that they remain relevant and in line with the requirements of all relevant acts, rules and guidelines currently in force. The Directors’ Fit and Proper Policy is available on the Company’s website at www.wascoenergy.com. xi. Diversity Policy The Diversity Policy was established on 27 November 2018 to promote diversity in the Company focusing on the Board of Directors and Senior Management. The terms of the Diversity Policy are reviewed and updated from time to time to ensure that they are relevant and in line with the requirements of all relevant acts, rules and guidelines currently in force. The Diversity Policy is available on the Company’s website at www.wascoenergy.com. NOMINATION AND REMUNERATION COMMITTEE
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