Recommendations:

179. The evaluation of the chairperson of the Board requires that –

(a) an independent non-executive director of the Board or a senior lead independent non-executive director or independent service provider should be appointed by the Board to lead the process; and

(b) the chairperson should not be present when his or her performance is discussed the Board.

180. The evaluation of the chief executive officer and other executive directors should be –

(a) carried out at least once a year by the chairperson of the Board or by the nomination committee;

(b) an evaluation of their performance as both directors and executives of the company and

(c) a guide to the remuneration committee in determining their remuneration.

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