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