ROYAL MAIL HOLDINGS plc
BOARD PERFORMANCE EVALUATION QUESTIONNAIRE RESULTS 2008
Attached are the summarised results of this year’s survey. Overall the results show a
greater number of “dissatisfied” responses than last year (15 compared with 8 - and
these are from 8 respondees compared with 12 last year). There are some views
similar to last year — eg lack of time on strategy, frequency of board meetings — but
the issue that featured strongly last year of management of risks appears now to be
resolved. The main issues this year are as follows:
Q4/5 — time spent on business strategy: still some dissatisfaction that the board
looks too much at the day-to-day than the longer term.
Q6 — meeting frequency: a lot of support for permanently removing the August board
— if not going further?
Q12 — board debates: some concern about the voice the executives have compared
with the non-executives
Q14 — Audit and Risk Committee: shortage of financial expertise to support Helen
Q15 — Nomination Committee: the highest number of dissatisfieds — but perhaps the
recently implemented process changes will help here?
Q16 — Remuneration Committee: again some dissatisfaction, in a number of areas
Q18 — relationship with shareholder: still some concerns here. Note the suggestion
to invite the Secretary of State to a Board meeting/dinner, which was raised last year.
Jonathan Evans
Company Secretary
June 2008
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