Evaluation of Board of Directors - NKT Holding A/S
At the annual evaluation the Board assesses whether to use external assistance. As an appendix to the Board’s rules of procedure, a policy has been formulated which describes the process whereby each Board member assesses a questionnaire containing a number of specific questions concerning the:
- Scope and course of the meeting
- Relevance of the items on the agenda
- Quality of the Board’s materials and the presentations at the meeting.
The Board meeting allows time for a verbal discussion of the Board’s composition (age, gender, nationality, number of members, qualifications), the Board’s need for supplementary training, and the interaction between Board members.
The Audit Committee performs an annual self-assessment and the Committee Chairman reports the findings to the Chairman of the Board of Directors.
An assessment of the interaction with the auditor is performed by means of questionnaire completed by the auditor.
The Chairman of the Board of Directors is in charge of the assessments and the conclusions are presented and discussed at a Board meeting. The assessment procedure and findings are subsequently described in the Annual Report.