4/22/2021 Gateway - SCS Mock 1 Debrief Nomination Committee Review/Restructure the role ‘The board should commence a detailed review of board and senior management re-structure, considering outsourcing, with the objective of strengthening Arrfield's governance structures ~ enriching the pool of NED talent - particularly in the lack of NED with financial expertise. Person/Job Specification Once the board has decided on a new structure board structure, this should be communicated to ‘the Nomination Committee so that it can commence the task of identifying suitable candidates from which a NED appointment can be made. A person specification and desirable skills/experience and qualifications should be finalised, so that the task of identifying suitable candidates can be given to an Executive Search’ specialist to ensure that any new NED ‘appointment must have Financial Expertise (© Peter Plant - First Financial Training Gateway - SCS Mock 1 Debrief Nomination Committee Recruitment specialist Executive search] The Nomination Committee should prepore job specifications, person specifications and any required qualification/ experience. An expert independent specialist should be appointed 10 eommeree an extensive executive Search ~ say 3 months to identify 3 suitable candidates for subsequent interview (the practice of askirg/inviting people to join the board should be ended). ‘Arrange ‘confidential interviews with suitable candidates ‘The Nomination Committee (which should include the CEO) should errange interviews with a short list of suitable candidates identified by the ‘Executive Search\. New prospective appointments should be assessed on merit and required to moke a presentation on the value/benefit that they can bring to Arrfield es it seeks to enrich its pool of talent on the board, Consequently, the. preferred candidate can be is identified prior to any formal appointment. (© Peter Plant - First Financial Training 15