Page 133 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability
Corporate Governance Policy Financial Statements Attachments
The details of the performance evaluation process of the Board, Committees and individual Directors are as follows.
1. The Corporate Governance, Nomination and
Remuneration Committee considers and reviews the performance evaluation criteria for completion and proposes to the Board of Directors for the approval to use the assessment forms.
2. The Company Secretary circulates the assessment forms, duly approved by the Board of Directors, to all Directors for their evaluation and comments, if any.
3. The Company Secretary compiles the results and the comments from the Directors and reports to the Board of Directors after the Corporate Governance, Nomination & Remuneration Committee has reviewed the results and comments from the Directors for further development.
The scale of performance evaluation of the Board and Committees is as below:
Performance Evaluation of the President & CEO
The Corporate Governance, Nomination & Remuneration Committee reviews President & CEO’s performance on a yearly basis. The Board of Directors considers and grant an approval for a performance result in accordance with principles of the Corporate Governance, Nomination & Remuneration Committee. The evaluation is based on the President’s performances in various aspects, for instance, leadership, policy and strategy determination, financial management, relationship with the Board of Directors and other stakeholders, product and service knowledge, and performances compared to other companies in the same industry.
Training and development Programs for Directors and Executives
The Company recognizes the importance of duties and responsibilities of the Board of Directors and executives, and the necessity to provide them with knowledge development programs related to the Company’s business operations.
The Company allocates budget and encourages the Board of Directors to attend training programs and seminars which enhances their understanding on directors’ roles from the reputed institutions including the Securities and Exchange Commission (SEC), the Stock Exchange of Thailand (SET), the Thai Institute of Directors (IOD), and nationally renowned universities, aiming to maximize knowledge and ability to perform work effectively and keep pace with changing business situations. Thai Directors, President & CEO and Vice President – Finance & CFO have attended various training programs organized by IOD.
Score
Rating
90-100
Excellent
80-89
Very good
70-79
Good
60-69
Satisfactory
50-59
Pass
> 50
Not satisfactory
The performance evaluation for the financial year 2024-25 of the Board of Directors and Committees, both for the entire Board and for individual directors, is rated "Excellent". The Directors shared their comments independently in the performance evaluation form.
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