Policy on Evaluation of Performance of Directors and the Board

This document is a policy guide detailing the evaluation of performance for directors and the board of INDO-MIM Limited. It aims to ensure compliance with the Companies Act, 2013, and the Listing Regulation with stock exchanges. The policy outlines best practices for corporate governance and long-term value creation for stakeholders. It specifies that the Nomination and Remuneration Committee (NRC) will evaluate the performance of every director at least annually, considering factors such as attendance, participation, strategic decision-making, and risk assessment. The evaluation process includes a rating scale from outstanding to poor. It also details the evaluation criteria for independent directors, non-independent directors, and the entire board, emphasizing the need for effective decision-making and governance structures. The NRC may amend the policy as needed, and disclosures regarding performance evaluations will be included in the annual report, ensuring transparency in the evaluation process.