Director evaluation procedures redefined to require specified methods and review, including board, committee or independent agency oversight. Amendments require the law to specify the manner for effective evaluation of the Board, its committees and individual directors, to permit evaluations by the Board, the Nomination and Remuneration Committee or an independent external agency, and to require review of implementation and compliance; they also require the remuneration policy to be placed on the company website with salient features and changes, and the web address disclosed in the Board's report.
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Provisions expressly mentioned in the judgment/order text.
Director evaluation procedures redefined to require specified methods and review, including board, committee or independent agency oversight.
Amendments require the law to specify the manner for effective evaluation of the Board, its committees and individual directors, to permit evaluations by the Board, the Nomination and Remuneration Committee or an independent external agency, and to require review of implementation and compliance; they also require the remuneration policy to be placed on the company website with salient features and changes, and the web address disclosed in the Board's report.
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