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: |
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| (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.