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. The board evaluation in 2023 will be externally facilitated. Notwithstanding the postponement of the 2022 evaluation, elements of board performance were reviewed. Significant progress has been made on addressing actions arising out of the 2021 evaluation, highlights of which are set out in Section B4.4 of the Annual Report and Accounts.