Page 132 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability
Corporate Governance Policy Financial Statements Attachments
During 2024-25, the Company has held 7 (seven) board meetings. All of which were attended by the 10 Directors. The overall attendance of the Directors was 99.43% of the 7 meetings held during the year (including attendance of meetings through electronic media). The management team is present in the meetings on a regular basis, as part of the strategy to provide further information for those who directly encounter problems, where the Board of Directors’ policies and decisions can be acknowledged immediately to stimulate greater operational effectiveness. However, in some cases, only the Board of Directors or non-executive directors would be required to attend certain meetings to ensure genuine independence in making decisions and expressing opinions. Additionally, non-executive directors also hold further discussions outside the meeting requirements on a regular basis.
The summary of the total number of meetings and attendance of the Board of Directors during 2024-25 is detailed in the section on “Management Structure”.
The assessment criteria are as follows:
Assessment criteria
1 Structure and Characteristics of the Board
2 Roles and Responsibilities of the Board
3 Board Meetings
4 Relationship with Management
5 Self-development of Directors and Management’s development
Board Committees
Individual
130 Tata Steel (Thailand) Public Company Limited
Performance Evaluation of the Directors
In Accordance with good Corporate Governance, the Board of Directors require the Directors and Committees to evaluate the performance annually to ensure that the Directors’ performance is effective and fair toward all stakeholders. The evaluations are done both as the whole Board and as individuals. The Board of Directors considers the evaluation to be a tool to help the Directors to improve their performance and also to identify the obstacles during the past year, if any. The result is analyzed and considered to find the conclusive standard for further development.
During 2024-25, the Board’s performance evaluation is considered from 1) Self-assessment form of the entire Board 2) Self-assessment form of committees which consists of 3 Committees: 2.1) Audit & Risk Review Committee 2.2) Corporate Governance, Nomination & Remuneration Committee and 2.3) Corporate Social Responsibility & Sustainability Committee, 3) Individual assessment form of the Board and the Committees.
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