THE COMPANY HAS A FORMAL POLICY FOR PERFORMANCE EVALUATION OF THE BOARD, COMMITTEES AND OTHER INDIVIDUAL DIRECTORS (INCLUDING INDEPENDENT DIRECTORS) WHICH INCLUDE CRITERIA FOR PERFORMANCE EVALUATION OF NON-EXECUTIVE DIRECTORS AND EXECUTIVE DIRECTORS. IN THE MEANWHILE, THE BOARD AND THE NOMINATION AND REMUNERATION COMMITTEE REVIEWED THE PERFORMANCE OF INDIVIDUAL DIRECTORS ON THE BASIS OF CRITERIA SUCH AS THE CONTRIBUTION OF THE INDIVIDUAL DIRECTOR TO THE BOARD AND COMMITTEE MEETINGS LIKE PREPAREDNESS ON THE ISSUES TO BE DISCUSSED, MEANINGFUL AND CONSTRUCTIVE CONTRIBUTION AND INPUTS IN MEETINGS, ACQUAINTANCE WITH BUSINESS, COMMUNICATING INTER SE BOARD MEMBERS, EFFECTIVE PARTICIPATION, DOMAIN KNOWLEDGE, COMPLIANCE WITH CODE OF CONDUCT, VISION AND STRATEGY ETC. AT A SEPARATE BOARD MEETING, THE PERFORMANCE OF THE BOARD, ITS COMMITTEES, AND INDIVIDUAL DIRECTORS WAS ALSO DISCUSSED. IN A SEPARATE MEETING OF INDEPENDENT DIRECTORS, PERFORMANCE OF NON-INDEPENDENT DIRECTORS, THE BOARD AS A WHOLE AND THE CHAIRMAN OF THE COMPANY WERE EVALUATED, TAKING INTO ACCOUNT THE VIEWS OF EXECUTIVE DIRECTORS AND NON-EXECUTIVE DIRECTORS. |