Board committees and director performance review
On an annual basis the board, will the help of an outside facilitator, carries out a formal evaluation of its performance and that of its committees as well as the individual performance of directors. Each director answers a questionnaire on his/her perception of the composition, operation and effectiveness of the board and its committees and on the performance of the Chairmen of the board and principal committees as well as the individual directors. In addition they are interviewed by the facilitator to explore certain issues in greater depth and to identify areas requiring improvement. Finally the process reviews progress against actions identified in the previous year’s review. The conclusion of the evaluation is then discussed in detail by the board.
