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Annual Accounts

256

Annual Report 2014 BME

23. All Directors should be entitled to call on the company for the advice and guidance

they need to carry out their duties. The company should provide suitable channels

for the exercise of this right, extending in special circumstances to external assis-

tance at the company’s expense.

See section: C.1.40

24. Companies should organise induction programmes for new Directors to acquaint

them rapidly with the workings of the company and its corporate governance

rules. Directors should also be offered refresher programmes when circumstances

so advise.

25. Companies should require their directors to devote sufficient time and effort to

perform their duties effectively, and, as such:

a) Directors should apprise the Nomination Committee of any other professional

obligations, in case they might detract from the necessary dedication;

b) Companies should lay down rules about the number of Directorships their

board members can hold.

See section: C.1.12, C.1.13 and C.1.17

26. The proposal for the appointment or renewal of Directors which the board submits

to the General Shareholders’ Meeting, as well as provisional appointments by the

method of co-option, should be approved by the board:

a) On the proposal of the Nomination Committee, in the case of independent

Directors.

b) Subject to a report from the Nomination Committee in all other cases.

See section: C.1.3

27. Companies should post the following director particulars on their websites, and

keep them permanently updated:

a) Professional experience and background;

b) Directorships held in other companies, listed or otherwise;

c) An indication of the director’s classification as executive, proprietary or inde-

pendent; in the case of proprietary Directors, stating the shareholder they

represent or have links with.

d) The date of their first and subsequent appointments as a company director,

and;

e) Shares held in the company and any options on the same.

Complies

Explain

X

Partially complies

Explain

Complies

X

Partially complies

Explain

Complies

X

Partially complies

Explain

Complies

X

Partially complies

Explain

Complies

X