Composition, succession and evaluation

Question 1

Principle J

Answer 1

Appointments to the board should be subject to formal, rigorous and transparent procedure, and an effective succession plan should be maintained for board and senior management. Both appointments and succession plans should be based on merit and objective criteria and, within the context, should promote diversity of gender, social and ethnic backgrounds, cognitive and personal strengths.

Question 2

Principle K

Answer 2

The board and its committees should have a combination of skills, experience and knowledge. and

Question 3

Principle L

Answer 3

Annual evaluation of the board should consider its composition, diversity and how effectively members work together to achieve objectives. Individual evaluation should demonstrate whether each director continues to contribute effectively.