IN ACCORDANCE WITH THE APPLICABLE PROVISIONS OF THE ACT AND THE LISTING REGULATIONS, THE BOARD, IN CONSULTATION WITH ITS NOMINATION AND REMUNERATION COMMITTEE, HAS FORMULATED A FRAMEWORK CONTAINING, INTER-ALIA, THE CRITERIA FOR PERFORMANCE EVALUATION OF THE ENTIRE BOARD OF THE COMPANY, ITS COMMITTEES AND INDIVIDUAL DIRECTORS, INCLUDING INDEPENDENT DIRECTORS. THE FRAMEWORK IS MONITORED, REVIEWED AND UPDATED BY THE BOARD, IN CONSULTATION WITH THE NOMINATION AND REMUNERATION COMMITTEE, BASED ON NEED AND NEW COMPLIANCE REQUIREMENTS. THE ANNUAL PERFORMANCE EVALUATION OF THE BOARD, ITS COMMITTEES AND EACH DIRECTOR HAS BEEN CARRIED OUT FOR THE FINANCIAL YEAR 2022-23 IN ACCORDANCE WITH THE FRAMEWORK. THE DETAILS OF EVALUATION PROCESS OF THE BOARD, ITS COMMITTEES AND INDIVIDUAL DIRECTORS, INCLUDING INDEPENDENT DIRECTORS HAVE BEEN PROVIDED UNDER THE CORPORATE GOVERNANCE REPORT WHICH FORMS PART OF THIS REPORT. |