Notification-Guidelines-for-Performance-Evaluation.pdf - Government of Pakistan Securities and Exchange Commission of Pakistan.Islamabad the 9th April

Notification-Guidelines-for-Performance-Evaluation.pdf -...

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Page 1 of 3 Government of Pakistan Securities and Exchange Commission of Pakistan -.-.-.- Islamabad, the 9 th April, 2020 NOTIFICATION S. R. O. 301 (I)/2020.- Guidelines for Performance Evaluation of the Board of Directors, Chief Executive Officer and Chief Regulatory Officer. This document serves to give basic guidelines for performance evaluation of the board of directors, chief executive officer and chief regulatory officer. Keeping in view the size, complexity and structure of the SRO, the board can formulate its performance evaluation framework in the light of these Guidelines. Performance Evaluation of the Board of Directors The board needs to act on a fully informed basis in the best interest of the institution and its stakeholders. It has overall responsibility to approve and oversee implementation of the company’s strategic objectives. The following are some of the specific issues/questions that should be considered in performance evaluation of a board: (i) Is the composition of the board appropriate, having the right mix of knowledge, expertise and skills to maximize performance? (ii) How well the board exercises its role ensuring that the organization supports and upholds the vision and mission, core values etc.? (iii) Is the policy framework of the SRO developed appropriately? (iv) What has been the board’s contribution towards developing strategies? (v) Is the board able to make timely strategic decisions ensuring operations are in line with strategies? (vi) What has been the board’s contribution in ensuring robust and effective risk management?
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  • Spring '17
  • Raza
  • Management, Performance Evaluation of the Board of Directors

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