(a) A good understanding of the industry and the regulatory environment;

(b) Sufficient experience to demonstrate sound business decision-making ability to challenge of senior management;

(c) Experience in governance and oversight;

(d) The ability to commit sufficient time to the role, given other commitments;

(e) Reputation in the industry, relationships with key stakeholders, regulators, government and clients; and

(f) Persons considered for independent director appointments should have industry, role related expertise and sufficient years of experience to complement the collective competency of the board of directors as a whole.