Performance evaluation

Board of Directors

The board of directors shall be given sufficient time to accomplish the self-assessments. 

 
Each individual director performs the four (4) levels of self-assessment using the prescribed forms, applying the rating scale and predetermined evaluation criteria for each level. 
 
For the Board and Committee level assessments, while the directors will be rating the board's or committee's performance as a body, the accomplishment of the assessment forms is meant to be done individually, on a per director basis. This is to secure an honest, unbiased, independent and anonymous view from each director rather than a collective assessment that may already be subject to filtering and pre-agreement. 
 
Each director shall submit the completed forms on or before the deadline set by the Corporate Governance Committee or at such earlier or later date as the Board of Directors may agree upon. 
 
The Corporate Governance Committee processes the results of the assessments and communicates this to the board through a Summary Report.

1. Strategy Foresight  

2. Board Structure and Committee Effectiveness

3. Board Meetings and Procedures 
4. Board and Management Relations 
5. Induction and Continuing Education  

6. Performance Evaluation 

7. Value Creation 
 
General and specific leadership standards under the above criteria are considered in evaluating the Board as a body such as:

• adequacy of the processes which monitor business performance;
• Board member interaction with management; adequacy of board knowledge; 
• appropriateness of balance and mix of skills; 
• size of board; 
• contribution of Individual Directors
• Board’s effectiveness in use of time;
• if board allows sufficient opportunity to adequately assess management performance; 
• Board’s ability to keep abreast of developments in wider environment which may affect BPI; 
• working relationship between Chairman and Chief Executive Officer; 
• segregation of duties between Board and Management; 
• ability of directors to express views on each other and to management in constructive manner, etc.

Board Committees

 
Submission of Accomplishment Reports to the Board by the different committees. In addition, the Audit Committee submits the "Self-Assessment in the Performance of the Audit Committee" to the SEC.

General and Specific factors relating to Committee role, membership, procedure and practice, structure, collaboration and style and effectiveness. 

 
1. General  
2. Committee Charter and Governance 

Each committee’s assessment template is now based on their specific charter and manner of governance. 

Sample factors:  

• Use of committee time 
• Adequacy of committee papers and frequency of meetings 
• Ability to access resources
• Ability to keep informed in relevant areas provision for continued development
• Working relationship between committee chairman and members
• Segregation of duties between committee and management
• Ability of directors to express views on each other and to management in a constructive manner, etc.

Individual Director

Each director is required to fill-up a Self-Assessment Form annually

Evaluation criteria focuses on best practice benchmarking and specific director roles in the board and in committees: 

1. Company Strategy, Developmental Role and Reputation 

2. Board Engagement and Attendance

3. Performance and Governance Role

In addition, the template includes separate question(s) for Executive Directors, Independent Directors and Committee Chairmen. 

CEO/President

Each director fills up an evaluation form based on the relevant criteria. These are then submitted to the Chairman. The CEO/President's performance is also evaluated at least once a year by the Personnel and Compensation and Executive Committee 

For the CEO assessment, question revolve around these criteria: 

1. Leadership 

2. Working with the Board 
3. Managing Execution 
4. Communication/External Relations