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. Given the appointment of a new Chair of the Board in September 2022, the decision was taken to defer the 2022 evaluation until 2023 to allow the new Chair sufficient time in post to make the evaluation more relevant, meaningful and useful. Notwithstanding the postponement of the 2022 evaluation, elements of board performance were reviewed during 2022.
An externally facilitated review of the performance of the Board and its committees was conducted in 2023. More details on the 2023 board evaluation are set out in Section B4.4 of the Annual Report and Accounts.