How are individuals officially nominated as candidates for corporate board seats?

plaguedbyfoibles

Does this occur prior to the next annual general meeting (AGM)?

I believe some companies have a nominations committee, typically comprising the board chair, vice-chair, board members etc. Do institutional investors with enough voting influence proffer names, does the nominations committee hire an outside company to present their recommendations, does the board tend to just submit their names again etc?

I understand that the nominations committee presents the initial nominees to the membership at the next available AGM, then there is a call for any further nominations from among the members present (sometimes a total of three times).

Do the proposed nominees have to be present?

Unclear as to how this process works.

TheGreenFrog

The process varies from company to company and may depend on circumstances.  Shareholders of UK companies have certain rights to propose resolutions to appoint directors.  Boards of UK companies  usually have the power to appoint a director at any time during the year, with appointment being confirmed by shareholder resolution at the next AGM.  Read the articles or other constitutional documnets of teh company concerned.  For UK listed companies the Corporate Governance Code sets out recommended best practice wrt nomination committees etc.  It is not mandatory though.

https://www.frc.org.uk/library/standards-codes-policy/corporate-governance/uk-corporate-governance-code/

plaguedbyfoibles

TheGreenFrog said:

The process varies from company to company and may depend on circumstances.  Shareholders of UK companies have certain rights to propose resolutions to appoint directors.  Boards of UK companies  usually have the power to appoint a director at any time during the year, with appointment being confirmed by shareholder resolution at the next AGM.  Read the articles or other constitutional documnets of teh company concerned.  For UK listed companies the Corporate Governance Code sets out recommended best practice wrt nomination committees etc.  It is not mandatory though.

Thanks, this is all most helpful.