West Bromwich Albion are planning contract talks with manager Steve Clarke.
Peace still declares himself "relaxed" about Clarke's future even though the head coach is currently contracted only for next season.
Peace told the Express & Star: "He has done well. We had a great start and a very indifferent finish - apart from the last game which was something to behold.
"Everyone's pleased with how it's turned out and we have progressed on and finished eighth. Steve has another year left on his existing deal.
"We will sit down over the next few months and discuss where we go with that. His contract is well structured, he gets rewarded for improvement and where we finish in the league.
"He's been very good. You cannot knock what he did."