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COMPANY NAME
BOARD AND COMMITTEE EVALUATION
1 (one) – Strongly Disagree to 5 (Five) strongly Agree scale
BOARD EVALUATION
1. STRUCTURE AND COMPOSITION OF BOARD
| Particulars | RATINGS 1-2-3-4-5 |
| a. Composition of the Board is right mix of executive & non-executives directors | |
| b. The Board has Members who have the right mix of capabilities, experience and skills to effectively cater to the interests of all stakeholders | |
| c. Directors exercise independent judgement in the interest of the Company and all stakeholders | |
| d. Process of appointment to the Board is clear and transparent |
2. BOARD MEETINGS AND DYNAMICS
| a. Board and Committee meeting agenda(s) are timely circulated and are appropriate and adequate | |
| b. Board meetings effectively address the key issues | |
| c. Opportunity is provided to bring items onto Board agendas | |
| d. Meetings are frequent enough and of adequate duration |
3. BOARD INFORMATION
| a. Information of the right quality and quantity is given prior to and during Meetings to enable members to understand agenda items. | |
| b. Whether adequate secretarial and logistical support is available for conducting Meetings |
4. DECISION MAKING PROCESSES
| a. We feel that the management team gets the balance right in consulting the Board Vs seeking approval | |
| b. We feel that the interests of stakeholders, regulators, employees and customers are appropriately considered |
5. BOARD FUNCTION
| a. Whether the role and responsibilities of the Board are clear | |
| b. Whether significant time of the Board is being devoted for deliberations on strategic, governance and compliance issues | |
| c. Whether the Board overall reviews and guides risk policy, annual budgets and business plans, acquisitions and divestments and ensures integrity on accounting and financial reporting system including the independence of Auditors | |
| d. Whether Board regularly reviews the grievance redressal mechanism | |
| e. Whether the Action Taken Report is Properly discussed |
6. PEOPLE EVALUATION
| The Company has the right senior management team commensurate with operations of company and appropriate and adequate succession plan |
7. STRATEGY AND PLANNING
| a. The Board spent adequate time discussing and determining the long-term future/strategy of the Company | |
| b. The Board evaluates and monitors the management and also provides guidance to the CEO and management team | |
| c. Board manages potential conflicts of interest of Management, Board Members and Shareholders |
8. BENCHMARKING BOARD EFFECTIVENESS
| We feel Board effectiveness is benchmarked well with Boards of other companies on whose Board I am a Director |
9. RISK MANAGEMENT
| The Board reviews the Company’s Risk Management policy |
BOARD’S COMMITTEE EVALUATION
10. FUNCTION AND DUTIES
| a. The Committee of the Board are appropriately constituted. | |
| b. The terms of reference for the committee are appropriate with clear defined roles and responsibilities. | |
| c. The committee regularly reviews its mandate and performance | |
| d. Committee takes effective and proactive measures to perform its functions |
11. COMMITTEE MEETINGS AND PROCEDURES
| a. Committee meetings have been organized properly and appropriate procedures were followed in this regard | |
| b. Committee makes periodically reporting to the Board along with its suggestions and recommendations | |
| c. The frequency of the Committee meetings is adequate |
12. EFFECTIVENESS OF BOARD COMMITTEES
| a. Adequate independence of the Committee is ensured from the Board | |
| b. Committee gives effective suggestion and recommendation | |
| c. Committee meetings are conducted in a manner that encourages open communication and meaningful participation of its members |
Overall Comments
Evaluated by
| Name of Director | Signatures |
| NAME OF THE DIRECTOR |
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