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
1 Replies
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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