Board and Committee Assessment

The Board conducts an annual self-assessment of its performance, including the performance of the Chairman, individual members and committees. It periodically evaluates and monitors the implementation of such policies and strategies, including the business plans and operating budgets and monitors and assesses the Management's overall performance based on established performance standards that are consistent with the Company’s strategic objectives.

Such self-assessment consists of accomplishing an evaluation and assessment questionnaire, whereby the directors rate their performance on Board responsibilities, Board composition, Board meetings and activities, dealings with Management and Company processes.

An evaluation and assessment questionnaire is likewise accomplished by the Chairman with respect to the performance of his duties and responsibilities under the Manual on Corporate Governance.

Each Committee member accomplishes an evaluation and assessment questionnaire on Committee functions and responsibilities.

View Board and Committee Self-Assessment Questionnaires (PDF)