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Location: Central Bank of Bahrain Volume 4—Investment Business > Part A > High Level Standards > HC High-Level Controls Module > HC-1 The Board > HC-1.10 Evaluation of the Board and Each Committee
  • HC-1.10 Evaluation of the Board and Each Committee

    • HC-1.10.1

      At least annually the Board must conduct an evaluation of its performance and the performance of each committee and each individual director.

      Amended: January 2012
      January 2011

    • HC-1.10.2

      The evaluation process must include:

      (a) Assessing how the Board operates, especially in light of Chapter HC-1;
      (b) Evaluating the performance of each committee in light of its specific purposes and responsibilities, which shall include review of the self-evaluations undertaken by each committee;
      (c) Reviewing each director's work, his attendance at Board and committee meetings, and his constructive involvement in discussions and decision-making; and
      (d) Reviewing the Board's current composition against its desired composition with a view toward maintaining an appropriate balance of skills and experience and a view toward planned and progressive refreshing of the Board.
      January 2011

    • HC-1.10.3

      While the evaluation is a responsibility of the entire Board, it should be organised and assisted by an internal Board committee and, when appropriate, with the help of external experts.

      January 2011

    • HC-1.10.4

      The Board should report to the shareholders, at each annual shareholder meeting, that evaluations have been done.

      January 2011

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