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Article 19
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Performance evaluations of the board of directors should cover the following aspects and the criteria for evaluation should be established with the company's needs being taken into consideration:
- Participation in the operation of the company;
- Improvement of the quality of the board of directors' decision making;
- Composition and structure of the board of directors;
- Election and continuing education of the directors; and
- Internal control.
Performanceevaluation of the board members (on themselves or peers) should coverthe following aspects and is subject to appropriate adjustments with the company's needs being taken into consideration:
- Alignment of the goals and mission of the company;
- Awareness of the duties of a director;
- Participation in the operation of the company;
- Management of internal relationship and communication;
- The director's professionalism and continuing education; and
- Internal control.
Performance evaluations of the functional committee should cover the following aspects and appropriate criteria for evaluation should be established with the company's needs being taken into consideration:
- Degree of participation in the operation of the company.
- Awareness of the duties of the functional committee.
- Improvement in the quality of decision making by the functional committee.
- Composition of the functional committee and election/appointment of committee members.
- Internal controls.
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