Section 60: Committees of the Board of NNPC Limited.

1 The Board of NNPC Limited shall, within three months of the incorporation of NNPC Limited, develop formal and transparent process for the creation of its committees and nomination of members of the Board of NNPC Limited to the committees.

2 The mandate, composition and procedures of each committee of the Board of NNPC Limited shall be comprehensive and open for inspection by the shareholders of NNPC Limited.

3 The Board of NNPC Limited shall nominate non-executive members of the Board capable of exercising independent judgment to its committees where there is likelihood of conflict of interest.

4 The Board of NNPC Limited shall have committees for—
a ensuring the integrity of financial and non-financial reporting;
b the nomination of Board of NNPC Limited members and key executives;
c remuneration of members of the Board of NNPC Limited; and
d any other committee as the Board of NNPC Limited may consider appropriate.