Boot out ineffectual directors; But fewer public companies evaluating performance, says SID

Fewer public companies here are evaluating the annual performance of their individual directors compared to two years ago.

More should also pluck up the courage to ask ineffectual directors to leave, the Singapore Institute of Directors' (SID) chairman Chew Heng Ching said yesterday at a media briefing to unveil the organisation's latest survey on board practices.

Out of 169 respondents, 73 per cent conduct appraisals of individual directors, compared to the 84 per cent found in the last poll of 96 firms in 2004.

The proportion that does not conduct such evaluations at all has increased to 29 per cent from 18 per cent.

See full Report, in pdf format.