B.2.4

Where all the independent non-executive directors of an issuer have served more than nine years on the board, the issuer should:
 
(a)    disclose the length of tenure of each existing independent non-executive director on a named basis in the circular to shareholders and/or explanatory statement accompanying the notice of the annual general meeting; and
 
(b)    appoint a new independent non-executive director on the board at the forthcoming annual general meeting1.
 

1 The appointment of a new independent non-executive director requirement will come into effect for the financial year commencing on or after 1 January 2023.