Annual Report 2012 - ecoWise Holdings Limited

ecoWise Holdings Limitedannual report 201231CORPORATE GOVERNANCEmanagement and internal control, recruitment, financial reporting and communication with shareholders. Theassessment also includes measuring and monitoring performance as to whether objectives and targets set for theyear are met, return on equity and performance of share price. The results of evaluation were presented to the Board.In assessing the performance of the Directors, the NC evaluates each Director based on the following reviewparameters, which among others, include:• Attendance at board/committee meetings;• Participation at meetings;• Involvement in management;• Availability for consultation and advice, when required• Independence of the directors; and• Appropriate skill, experience and expertise.The above selected criteria will be changed if it is deemed necessary and approved by the Board.As an integral element of the process of appointing new Directors, the NC may act on the performance evaluationresult and where appropriate, proposes new members to be appointed to the Board or seeks resignation ofDirectors.Principle 6: Access to InformationIn order to fulfill their responsibilities, Board members should be provided with complete, adequate andtimely information prior to board meetings and on an on-going basis.Directors have unrestricted access to the Group’s records and information, all Board and Board committees’minutes, and shall receive management accounts so as to enable them to carry out their duties. Directors may alsoliaise with senior executives and other employees to seek additional information if required.Management acknowledges the importance of the complete, adequate and timely supply of information to Boardmembers. Agenda, board papers and related materials, background or explanatory information relating to mattersto be discussed at the Board meeting and Board committee meetings are distributed to all Directors in advanceto allow sufficient time for Directors to prepare for meetings and facilitate the effective discussion during meetings.Any additional materials or information requested by the Directors is promptly furnished.