Directors performance evaluation

Dear Friends,

As per co's act 2013, directors evaluation is mandatory.Does anybody have the format or any details of measuring director's performance that can be a document for compliance.

Regards,

Varsha

Replies (1)

 

How the Director performs:

  0. Very Poor

1. unsatisfactory

2. Fair

3. Good

4. Excellent

 

Name of the Director:

Designation: WTD/MD/Independent Director

Review Period:

Date of Review:

Summary of performance:

 

 

 

0

 

1

 

2

 

3

 

4

 

1. Understands their role as a director.

 

 

 

 

 

 

2. Understands their duties and responsibilities as a director.

 

 

 

 

 

 

3. Brings relevant experience to the board and uses it effectively.

 

 

 

 

 

 

4. Is up-to-date with governance issues.

 

 

 

 

 

 

5. Understands, evaluates and questions financials.

 

 

 

 

 

 

6. Understands the distinction between the board’s policy role and management’s implementation / operational role.

 

 

 

 

 

 

7. Understands, and can evaluate, the risk environment of the organisation.

 

 

 

 

 

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