Performance Evaluation Process

Talent2 is committed to delivery of innovative solutions to clients and value to shareholders. To achieve this, Talent2 has procedures for performance evaluation of the Board, its committees, individual directors and key executives.

1. The Board

• The Board operates in accordance with a Board Charter and Code of Conduct.
• The Code of Conduct sets out the ethics and values in accordance with which the Board performs its duties.
• The Nomination Committee of the Board is responsible for the evaluation of Board performance.
• The performance of the Board and each of its committees is reviewed annually.
• The Board review is completed by external consultants and consists of structured interviews with all directors.
• The review measures Board performance against both qualitative and measurable indicators.
• The performance each of the Board committees is reviewed by the committee against both qualitative and measurable indicators and a report of the results is provided to the Board

2. Directors

• Individual directors carry out their duties in accordance with the values set out in the Talent2 Code of Conduct.
• The Board as a whole reviews the performance of individual directors annually.
• Director performance review consists of structured interviews with individual directors.
• The review measures director performance against both qualitative and measurable indicators

3. Executives

• The performance of Talent2 executives is reviewed annually.
• Executive performance is reviewed by each executive’s immediate superior.
• Executive performance review consists of structured one on one interviews with individual executives.
• Executive performance is assessed according to: - Job description - Goals - Key performance indicators - Talent2 Code of Conduct - Contribution to business plan objectives.
• The outcome of executive performance reviews is reported to the Remuneration Committee which has overall responsibility for executive performance evaluation.
• Performance evaluation of the Managing Director and Chief Executive Officers is facilitated by the Chairman with ultimate oversight by the Board.
• Performance of Managing Director and Chief Executive Officers is assessed according to overall performance of their respective business units and the attainment of specific pre-determined goals.