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Board effectiveness, evaluation and training

Board and Committee evaluation

The effectiveness of the Board, individual directors and the Board’s main committees are reviewed annually, with an externally facilitated review every three years as required by the UK Corporate Governance Code.​ The results of these reviews are contained within Section B4.4 of the Annual Report. The most recent board evaluation review took place in 2021 and the broad message across all contributors to the review was that the Board was covering the appropriate ground, took its responsibilities very seriously and was capable of very effective challenge.

Board and Committee evaluation
Risk Management

Individual performance

The Chair appraises the performance of the non-executive directors, identifying any development opportunities or training needs. The Senior Independent Director leads the review of the performance of the Chair with the other non-executive directors, taking into account the views of the executive directors. The performance of the Chief Executive is also appraised by the Chair. The performance of the other executive directors is appraised by the Chief Executive in conjunction with the Chair. The results of these appraisals are presented to the Remuneration Committee for consideration and determination of remuneration. At each AGM the Chair confirms, when proposing the re-election of any non-executive director, that following formal performance evaluation, the individual’s performance continues to be effective and demonstrates commitment to the role.

Learning and development

All directors receive an induction training schedule tailored to their individual requirements upon joining the Board. Further to the 2020 board evaluation, a skills matrix was produced for completion by each board member, the aim of which was to identify the key areas for ongoing board development and to assess the necessary skills and experience when considering future board succession planning. Further detail on board development and induction can be found in Section B4.4 of the Annual Report. Training undertaken by the Board during the year is described in Section B3.3 of the Annual Report.

Learning and development