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A N N U A L R E P O R T 2 0 1 6
CORPORATE
GOVERNANCE
Guideline
Code and/or Guide Description Company¡¯s Compliance or Explanation
Table 6 sets out the performance criteria used in the board performance evaluation form
and the directors¡¯ assessment checklist respectively, as recommended by the NC and
approved by the Board. The NC and the Board will review such criteria from time to time,
where appropriate.
Table 6 ¨C Performance Criteria
Board and Board Committees:
Board Performance Evaluation Form
Individual Directors:
Directors¡¯ Assessment Checklist
1. Board structure
2. Conduct of meetings/ affairs
3. Risk management and internal controls
4. Recruitment and evaluation
5. Compensation
6. Succession planning
7. Financial reporting
8. Communicating with shareholders
9. Assessment of the Chairman and Board
Committees
1. Attendance at meetings
2. Contributions at meetings and in other
areas (e.g. committees/ projects)
3. Interactive and personal skills
4. Knowledge, analytical skills and relevant
experience
5. Preparedness for the meetings
(a) What was the process upon
which the Board reached the
conclusion on its performance
for the financial year?
The review of the performance of the Board and the Board Committees is conducted by
the NC annually. The review of the performance of each Director is also conducted at least
annually and when the individual Director is due for re-election.
In FY2016, all Directors individually completed a board performance evaluation form and
a directors¡¯ assessment checklist, based on the criteria disclosed in Table 6 above. The
Company Secretary collated and submitted the results to the Chairman of the NC in the
form of a report. Thereafter, the NC discussed the report and concluded the performance
results during the NC meeting.
For FY2016, the NC confirmed that the Board as a whole and its Board Committees were
effective and that each individual Director contributed to the Board.
