t'd
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(a)
the Chief Executive ex officio.
(para. 4.49)
the candidates for the reserved places should be nominated by a Nominating Committee. (para. 4.51) -
the Nominating Committee should comprise six members appointed by the Council : three members of the Exchange who are not on the Council and not standing for election, including at least one corporate and one individual member; and three non-members, two of whom should be independent members of the Council. The Chairman of the Nominating Committee should be elected by the Nominating Committed from amongst the three non- members. (para. 4.52)
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the Chairman of the SEHK should devote a substantial proportion of his time to SEHK affairs in order to promote and develop the market. (para. 4.54)
the Chairman should continue to be elected by the Council from within the Council. (para. 4.56)
the number of vice-chairmen should be reduced to two, both elected by the Council from within the Council. One should be a broker and one an independent member if the Chairman is a broker. (para. 4.57)
election should be in person by secret ballot and subject to vetting by independent scrutineers. (para. 4.59)
the SEHK Articles should be amended to withdraw the right to vote in Council elections from members whose trading licence has been suspended. (para. 4.61)
after serving two terms, that is a total of six consecutive years, a Council member should step down for one or two years before standing for re-election. 4.63)
(para.
the Chairman should continue to be elected for a one-year term. To prevent a single person dominating the Council, he should serve a maximum of three years after which he should retire from the Council and not be eligible for election to the Council thereafter. (para. 4.64)
N
MH SIÐ 61:61 88. TE AHW
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