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ESR Group Limited Annual Report 202469STRATEGIC REPORTSCORPORATE GOVERNANCEFINANCIAL STATEMENTSIn implementing the Board Diversity Policy, the Nomination Committee evaluates the composition of the Board and director candidates from time to time against objectives such as increasing gender diversity and broadening the cultural background, educational background, industry experience and professional experience of the members of the Board.The Nomination Committee will consider setting measurable objectives to implement the Board Diversity Policy and regularly review such objectives to ensure their appropriateness and ascertain the progress made towards achieving those objectives.The Company has set the following measurable objectives in respect of the Board diversity:%u2022%u0009 Selectionofcandidateswillbebasedonarangeofdiversityperspectives,includingbutnotlimitedtogender,age,cultural and educational background, ethnicity, professional experience, skills, knowledge and length of service;%u2022%u0009 Recruitmentandselectionpracticeswillbeappropriatelystructuredsothatadiverserangeofcandidatesareconsidered.%u2022%u0009 TheultimatedecisionwillbebasedonmeritandcontributionthattheselectedcandidateswillbringtotheBoard.%u2022%u0009 TheBoard%u2019scomposition(includinggender,ethnicity,age,lengthofservice)willbedisclosedintheCorporateGovernance Report annually.For the Year, the Nomination Committee is of the view that the Board composition satisfied the objectives of the Board Diversity Policy. It will conduct a review of the Policy on an annual basis to ensure continued effectiveness of the Policy in delivering its objectives. The Board targets to maintain a good level of female representation.In considering the Board%u2019s succession and to ensure diversity at the Board level, the Nomination Committee will engage an executive search firm to help identify suitable candidates for consideration as Non-Executive Directors as and when appropriate. The Board will continue to take opportunities to increase the proportion of female members over time as and when suitable candidates are identified.In terms of gender diversity in the workforce (including senior management), as at the date of this report, the Company%u2019s workforce (including senior management) has 44% female employees, ahead of the Board%u2019s target to achieve at least 42% of female employees of the Company by 2025. Therefore, the Board considers that the above current gender diversity in the workforce (including senior management) has been achieved with reference to the current circumstances of the Company.According to the terms of reference, the Nomination Committee shall meet at least once a year. The Nomination Committee shall strictly adhere to this requirement in the future.Corporate Governance FunctionsThe Company adopted the CG Code as the policy for its corporate governance of the Company.The responsibility for performing the corporate governance functions rests with the Board. The Board has performed the following duties:(a)developed and reviewed the Company%u2019s policies and practices on corporate governance;(b)reviewed and monitored the training and continuous professional development of directors and senior management.(c)reviewed and monitored the issuer%u2019s policies and practices on compliance with legal and regulatory requirements;(d)developed, reviewed and has oversight over the Code of Conduct and Business Ethics applicable to employees and Directors; and(e)reviewed the Company%u2019s compliance with the CG Code and disclosure in this Corporate Governance Report.COMPANY SECRETARYMr Richard Kin-sing Lee (%u201cMr Lee%u201d) was appointed as the Company Secretary of the Company on 22 February 2019. He is also the Group Legal Counsel of the Company and thus, an employee of the Company having day-to-day knowledge of the Company%u2019s affairs.Pursuant to rule 3.29 of the Listing Rules, Mr Lee undertook no less than 15 hours of relevant professional training in 2024.