Board evaluation

The board undertook a performance evaluation during the first quarter of 2019. This was an internal evaluation drawing on material purchased from a professional adviser. Each director was asked to complete the questionnaires for the Group bodies of which they were a member. Separate questionnaires were distributed and completed by the:

  • whole board;
  • audit committee;
  • remuneration committee;
  • non-executive directors.

The results of these questionnaires were analysed by the company secretary. Whilst no category covered in the questionnaires returned a low score, the board assessed its best performing area to be its work on strategy. The full board discussed the outcome of the evaluation and agreed some actions in response to it. The actions agreed by the board included reviewing its agendas to allocate time for discussion appropriately; reviewing the structure of delegation from the board to its committees; formal recording of risk appetite as well as of risks; increased board-level monitoring of anti-bribery and corruption efforts; setting frequency of external internal audit reviews of its operations; regular review of stakeholder identification at board level; and more disclosure of the board’s mix of skills and experience.