PURSUANT TO THE PROVISIONS OF THE ACT AND LISTING REGULATIONS, THE BOARD CARRY OUT AN ANNUAL ASSESSMENT OF ITS OWN PERFORMANCE, INCLUDING WITH RESPECT TO THEIR COMPOSITION, DIVERSITY AND HOW EFFECTIVELY THEIR MEMBERS WORK TOGETHER, WITH THE AIM OF HELPING TO IMPROVE THE EFFECTIVENESS OF BOTH THE BOARD AND THE COMMITTEES. THE NOMINATION AND REMUNERATION COMMITTEE, IN ORDER TO FACILITATE THE PERFORMANCE EVALUATION PROCESS, LAID DOWN THE EVALUATION CRITERIA AND APPROVED SPECIFIC EVALUATION TEMPLATES. THESE TEMPLATES ARE CIRCULATED TO EACH OF THE DIRECTOR, AS APPLICABLE, TO PROVIDE FEEDBACKS AND ONWARD SUBMISSION TO THE CHAIRPERSON OF THE BOARD OR CHAIRPERSON OF SEPARATE MEETING OF INDEPENDENT DIRECTORS. THE DIRECTORS PROVIDE THEIR VALUABLE FEEDBACKS AND SUGGESTIONS ON THE OVERALL FUNCTIONING OF THE BOARD AND ITS COMMITTEES AND THE AREAS OF IMPROVEMENT FOR A HIGHER DEGREE OF ENGAGEMENT WITH THE MANAGEMENT INCLUDING VARIOUS PARAMETERS SUCH AS COMPOSITION, MEETINGS, DYNAMICS, PARTICIPATIONS, OVERSIGHT ON FUNCTIONING, RISK MANAGEMENT, EXECUTION OF SPECIFIC DUTIES, QUALITY, QUANTITY AND TIMELINESS OF FLOW OF INFORMATION, DELIBERATIONS AT THE MEETING, VALUE ADDITION, INDEPENDENCE OF JUDGMENT, DECISION MAKING, MANAGEMENT ACTIONS, ETC. THE PERFORMANCE EVALUATION OF INDIVIDUAL DIRECTORS ARE REVIEWED ON PARAMETERS SUCH AS ENGAGEMENT, LEADERSHIP, ANALYSIS, QUALITY OF DECISION MAKING, INTERACTIONS, INTEGRITY, CORPORATE GOVERNANCE, RESPONSIBILITY TOWARDS STAKEHOLDERS, CONTRIBUTION, ATTENDANCE, INTER-PERSONAL RELATIONSHIP, ETC. THE INDEPENDENT DIRECTORS AT THEIR SEPARATE MEETING REVIEW THE PERFORMANCE EVALUATION OF DIRECTORS, THE BOARD AS A WHOLE, THE CHAIRPERSON OF THE BOARD AFTER TAKING INTO ACCOUNT THE VIEWS OF EXECUTIVE DIRECTORS AND NON-EXECUTIVE DIRECTORS OF THE COMPANY AND ALSO ASSESS THE QUALITY, QUANTITY AND TIMELINES OF FLOW OF INFORMATION BETWEEN THE COMPANY MANAGEMENT AND THE BOARD. |