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
Varsha (CS) (130 Points)
09 September 2014Dear 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
CS Mitesh Mehta
(Company Secretary)
(17139 Points)
Replied 10 September 2014
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How the Director performs: 0. Very Poor 1. unsatisfactory 2. Fair 3. Good 4. Excellent
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Name of the Director: Designation: WTD/MD/Independent Director Review Period: Date of Review: Summary of performance:
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1. Understands their role as a director. |
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2. Understands their duties and responsibilities as a director. |
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3. Brings relevant experience to the board and uses it effectively. |
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4. Is up-to-date with governance issues. |
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5. Understands, evaluates and questions financials. |
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6. Understands the distinction between the board’s policy role and management’s implementation / operational role. |
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7. Understands, and can evaluate, the risk environment of the organisation. |
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