Did the company conduct an annual performance assessment of the board of directors/commissioners and disclose the criteria and process followed for the assessment?
YES. The Board conducts, at the end of each calendar year, an annual self-assessment to evaluate the performance of the Board as a whole. The formal questionnaire for the full Board self-assessment includes the Board responsibilities, structure, meetings, processes, and management support.
The company also disclose the process and criteria in conducting the board assessment.
Assessment areas cover Board responsibilities, structure, meetings, processes, and management support.
In 2020, the annual assessments were facilitated by the Castillo Laman Tan Pantaleon & San Jose Law Firm, a third-party.