Board effectiveness and evaluation

We recognise the strong benefits of annual evaluation for the Board, its Committees, and for all Directors. The evaluation process also helps us to identify opportunities where we can change the way we do things.

At the end of 2015, the Chairman held one-to-one interviews with each Director and the Secretary to the Board. The results of this review were presented to the Board in early 2016.

At the end of 2016, the Board engaged an independent facilitator to conduct an external evaluation. This involved in-depth one-to-one interviews with each Director and with the Group Director of Legal, Company Secretarial and Compliance Services. The report from this evaluation was submitted to the Board in February 2017.

The conclusions of the external evaluation were that, overall, the Board had faced a number of strategic and operational challenges over the last couple of years in what was described as a turbulent environment. Overall, it was felt that:

  • The Board works well as a group, with open discussions during meetings actively encouraged
  • All Directors are fully engaged, feel able to contribute during meetings, and are willing to provide a good level of constructive challenge

The effectiveness of the Chairman was considered in addition to that of the full Board and the review reported that Mr van Tets was considered to operate effectively, had a good understanding of the business, and encouraged good discussion and participation between Directors.

The Board is satisfied that it continues to operate effectively and believes that each Director is performing well.

Governance Report

Our governance framework enables the Board to provide effective stewardship of the Company. Find out more in our Corporate Governance report