Home Corporate Governance Company Disclosures Investor Relations Corporate Info News 2021 ASM Contact Us Board Committees NOMINATION COMMITTEE Name Position George L. Go Chairman Wilfrido V. Vergara Member Romuald U. Dy Tang Member Ramon A. Recto Member CROWN EQUITIES, INC. NOMINATION COMMITTEE CHARTER This Charter establishes the purpose, composition, authority, responsibilities and operations of the Nomination Committee of Crown Equities, Inc. (the “Committee”). 1. PURPOSE The Committee’s primary purpose is to determine the nominees for election to the Corporation’s Board of Directors, to identify through professional search firms and other similar mechanisms and recommend candidates to fill vacancies occurring between annual shareholder meetings, and to provide communications with the Board of Directors and, as appropriate, communications with shareholders and regulators. 2. COMPOSITION The Committee shall consist of at least three (3) members of the Board, one of whom must be an independent director. Members of the Committee shall be appointed by the Board, who shall also appoint a Committee Chairman. In accordance with this, members of the Committee may be removed or replaced, and any vacancies in the Committee shall be filled by the Board. 3. MEETINGS The Committee shall meet at least once a year or as often as it considers necessary. Any member may call a meeting of the Committee. The presence of a majority of its membes shall constitute a quorum for any meeting. A duly convened meeting of the Committee at which a quorum is present is competent to exercise all or any of the authorities, powers or discretions vested in the Committee. The Committee may invite members of Management or others to attend meetings and provide pertinent information, as necessary. The Corporate Secretary shall be the Committee Secretary, unless otherwise determined by the Committee. The Committee Secretary, under the direction of the Committee Chairman, shall prepare the agenda and provide the Committee Members advance notice of meetings, the agenda, along with appropriate briefing materials. 4. AUTHORITY An act of the Committee which is within the scope of its power shall not require ratification or approval for its validity and effectivity. 5. RESPONSIBILITIES The Committee shall have the following duties and responsibilities. 5.1. Pre-screen and shortlist all candidates nominated to become a member of the Board of Directors in accordance with the qualifications and disqualifications provided under the Manual on Corporate Governance and all relevant rules and regulations; 5.2 In consultation with the appropriate executive or management committee/s, re-define the role, duties and responsibilities of the Chief Executive Officer (CEO) by integrating the dynamic requirements of the business as a going concern and future expansionary prospects within the realm of good corporate governance at all times; 5.3 Determine the number of directorships which a member of the Board of Directors may hold, in accordance with the guidelines provided under the Manual on Corporate Governance and all relevant rules and regulations. REPORTING RESPONSIBILITIES The Committee Chairman must report to the Board of Directors regarding the Committee actions and activities. The Committee shall make recommendations to the Board of Directors as and when it considers appropriate in relation to its duties and responsibilities. ANNUAL REVIEW OF CHARTER The Committee shall conduct an annual review of this Charter and propose any enhancements as may be deemed necessary for Board approval. © Copyright CEI 2021 - Crown Equities Inc.,. ALL RIGHTS RESERVED