Board evaluation and director appraisal

Wednesday, 01 January 2020

With attention on corporate governance and accountability increased by the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry, there is an enhanced expectation that the performance of boards and individual directors will be regularly evaluated and appraised.

Principle 1 of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations1 (ASX Principles) states that in pursuit of laying solid foundations for management and oversight, listed companies should “clearly delineate the respective roles and responsibilities of [the] board and management and regularly review their performance”.

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