BOARD EVALUATION — PERFORMANCE EVALUATION FORMAT
Pursuant to Section 134(3)(p) and Section 178(2) of the Companies Act, 2013 and Schedule IV [for independent directors]
| Company Name (CIN) | [Company Name] ([CIN]) |
| Financial Year | [YYYY-YY] |
| Evaluation carried out by | [Board / Nomination & Remuneration Committee / Independent Directors] |
Rating scale: 5 = Excellent, 4 = Very Good, 3 = Good, 2 = Satisfactory, 1 = Needs Improvement
A. EVALUATION OF THE BOARD AS A WHOLE
| Criteria | Rating (1–5) |
|---|---|
| Composition, structure and diversity of the Board | [__] |
| Frequency and quality of meetings and information flow | [__] |
| Strategy, oversight and risk management | [__] |
| Fulfilment of key responsibilities and compliance culture | [__] |
B. EVALUATION OF COMMITTEES
| Committee | Effectiveness Rating |
|---|---|
| Audit Committee | [__] |
| Nomination & Remuneration Committee | [__] |
| [Other Committee] | [__] |
C. EVALUATION OF INDIVIDUAL DIRECTOR / CHAIRPERSON
| Criteria | Rating (1–5) |
|---|---|
| Attendance and participation in meetings | [__] |
| Independence of judgement and contribution to deliberations | [__] |
| Understanding of the business and duties as a director | [__] |
| Leadership of the Board (for Chairperson) | [__] |
Overall observations / areas for improvement: [Narrative comments.]
Signature of Evaluator: ____________________
[Name], Chairperson / Chairperson – NRC
Date: [DD/MM/YYYY]
Compliance note: The Board’s Report must state the manner of formal annual evaluation of the performance of the Board, its committees and individual directors under Section 134(3)(p). The Nomination and Remuneration Committee frames the criteria under Section 178(2), and independent directors separately review the performance of non-independent directors and the Board under Schedule IV.