(1) A GTE’s
board must, on an annual basis, give the Portfolio Minister a report on its
assessment of its performance over the year following the year covered by its
previous report to the Minister under this section.
(2) The first report
of a GTE’s board under this section must cover the period, and be given
to the Portfolio Minister within the period, agreed by the Minister and the
board.
(3) The report of a
GTE’s board must include —
(a) an
assessment, by reference to the GTE’s statement of expectations and
annual performance statement, of the board’s performance in governing
the GTE; and
(b) an
assessment of the board’s performance, collectively and individually, by
reference to self-assessment criteria agreed by the Portfolio Minister and the
Board.
(4) If a GTE’s
board and the Portfolio Minister cannot agree self-assessment criteria within
a reasonable time, the Minister may determine the criteria that are to apply.