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Stage 1
Completion of questionnaires on the
effectiveness of the Board, Committees
and individual Director
Stage 2
Collation of results and preparation
of a detailed report on the findings
and actions
Stage 3
Board evaluation report discussed in
the NRC and the Board meetings
Stage 4
Key areas identified and action plan
prepared and approved by the Board
BOARD PERFORMANCE ASSESSMENT
• Structure and Governance Processes
• Risk Management
• Relationship with the Managing Director
• Chairman and Company Secretaries/Financial
Controller
• Sustainability and Corporate Responsibility
COMMITTEE EVALUATION
• Audit Committee
• Nomination and Remuneration Committee
• Group Sustainability Committee
ISSUES AND PRIORITIES
• Priority of the Board in the next year
• The Company or Management can do to make
the Board more effective
• The Board’s most significant strength/
weaknesses
PERSONAL PERFORMANCE ASSESSMENT
• Governing attributes
• Personal attributes
SECTION 1
SECTION 2
SECTION 3
SECTION 4
Evaluation Process
Key areas covered in the questionnaire are:
III. REMUNERATION
The Board believes that the existing remuneration structure is appropriate for the requirements of the
Company, taking into account factors such as effort and time spent as well as responsibilities of the Directors.
The Board has established guidelines for the NRC and the Board in determining the level of remuneration for
Executive Director and Non-Executive Directors. The guidelines have been defined in the Terms of Reference
of the NRC which is available on the Company’s website.
corporate
governance
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