The nomination committee should consist of a majority of which type of directors?

The nomination committee typically consists of a majority of non-executive directors because their role is to ensure objectivity and independence in the selection and appointment of new board members. Non-executive directors serve as a check on the executive team and can provide unbiased perspectives, which is crucial when evaluating candidates for the board. Their independence from the company's management enhances the integrity of the nomination process, allowing for more transparent and accountable decisions.

Involving non-executive directors helps mitigate potential conflicts of interest that may arise if the committee were to comprise mainly executive directors. Executive directors are directly involved in the daily management of the company and may have biases influencing their choices. While independent or outsourced experts can provide valuable insights, the majority of the committee being non-executive directors is essential for maintaining a strong governance framework and ensuring that the selection process aligns with shareholders’ and stakeholders’ best interests.