Board evaluation 
process

BAKO Group Ltd – Board Performance Review Process

1.       Introduction 

The Board of BAKO Group Ltd recognises the importance of a rigorous and structured performance evaluation process to ensure the Board and its Committees operate effectively and support the Group’s strategic goals. The evaluation process is based on principles outlined in the QCA Governance Code and aims to enhance board effectiveness, accountability, and transparency.

2.       Purpose of the Review 

The Board Evaluation process is designed to assess whether the Board’s composition, dynamics, operations, and structure are fit for purpose in both the short- and long-term. It ensures:

• Clear purpose and leadership under the Chair
• The right balance of skills, experience, and independence
• Effective teamwork and collaboration among Directors
• Strong understanding of the business and strategic alignment
• Regular engagement with shareholders and key stakeholders
• Commitment to continuous improvement through evaluation 

3.       Evaluation Criteria 

The evaluation is aligned with the key characteristics of effective governance and is assessed through the following tools:

4. Evaluation Process

• Each Director, including the Chair, completes a self-assessment questionnaire independently.
• The Chair with support from the Group HR Director, consolidates and reviews the responses.
• A facilitated discussion is held to examine key findings, focusing on areas for improvement and variability in responses.
• Results are reported to the Board, followed by collaborative development of an action plan. 

5. Evolution of the Process

• Historically, evaluations were informal and internally managed.
• The current process is formalised, cyclical, and incorporates structured feedback tools and criteria.
• Emphasis has increased on regular progress monitoring and strategic alignment. 

6. Outcomes and Follow-Up

• Evaluation results are presented to the full Board.
• An action plan is created to address key areas for development.

7. Frequency and External Reviews

The evaluation process is conducted annually with an external evaluation planned every 5 years.

8. Conclusion 

The Board of BAKO Group Ltd is committed to a transparent, accountable, and evolving governance framework. The annual board performance review process reflects a culture of self-improvement and supports the ongoing effectiveness of the Board and its Committees.