43. The Board should undertake a formal and rigorous evaluation of its own performance and that of its committees and individual Directors at least annually.
44. The chairman of the Board should act on the results of the performance evaluation by recognising the strengths and addressing the weaknesses of the Board and making any changes to the composition of the Board as required.
45. The Board should state in the annual report how performance evaluation of the Board, its committees and its individual Directors has been conducted.