The Appeals Committee shall comprise persons appointed by the SGX RegCo Board and approved by the Authority provided that:—
3.02.2.1 the Appeals Committee shall not have a member who is, or who within three years of the proposed appointment date was, a director, officer or employee of:
(b) any or any of SGX's related corporations
3.02.2.2 a majority of the Appeals Committee shall not be directors, officers or employees of the members of SGX or SGX's subsidiaries; and
3.02.2.3 a majority of the Appeals Committee shall not be substantial shareholders of SGX or directors, officers or employees of any substantial shareholder of SGX.