70 Good Corporate Governance Principles and Code of Business Ethics (Edition 2022) 3.8 Performance Assessment of the President and Executives (1) Assessment of the President The Board, consisting of all non-executive directors, shall assess the President’s annual performance, via recommendation from the NRC, incorporating the Company’s results and implementation of policy assigned by the Board, and individual’s caliber, and with the following criteria: 1) Qualitative indicators namely leadership, relationship with the Board, risk management and internal control, human resources management, good corporate governance and business ethics. 2) Organization’s success on the scale of corporate Key Performance Indicators regarding 1. Financial Perspective, 2. Investment Perspective, 3. Internal Business Process Perspective and 4. Learning and Growth Perspective. 3) Ability to grow the business annually. (2) Executive Assessment The Board of Directors, upon recommendations from the NRC, assesses performance of all SEVPs. The NRC shall consider the performance of EVPs and Corporate Secretary and proposed for the Board’s acknowledgement. The AC shall assess performance of SVP - Internal Audit.
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