City Care Performance report 2005 Page 33
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· Appointment and performance management of the
Managing Director, establishing appropriate remuneration
structures, and contingency planning and advice on senior
management succession.
· Keeping the shareholder informed on significant events
and issues, and ensuring regular reports are presented in
accordance with agreed requirements.
· Promoting a company culture which requires all employees
to adhere to high levels of ethical behaviour.
· Review of the company's risk management programme,
and compliance with legislation.
Director and Board Performance
The Board formally reviews its performance, and the
performance and contribution of individual directors on an
annual basis, taking into account the current and future needs
of the company, and performance improvement processes
are implemented as required. The annual review also provides
information to the shareholder on the mix of skills needed to
assist with the identification of new directors.
Best Practice
The Board makes reference to the Institute of Directors in New
Zealand Best Practice Manual in determining the appropriate
processes to adopt when undertaking its various functions.
