Board Committees

Group policies allocate the tasks of giving detailed consideration to specified matters, to monitoring executive actions and to assessing reward, to the Board Committees.

The Non-executive Directors critically examine the operational and financial performance of the Group and fulfil a key role in corporate accountability through their membership of the Committees of the Board.

 

The Audit Committee usually meets around six times each year. Its work is focused on the appropriateness of the Group’s financial reporting, including accounting judgements, reviewing key risks across the Group and challenging and testing the Group’s internal control processes including risk management and internal audit. Further information on the Audit Committee’s activities during 2015/16 can be found in the Annual Report.

The members of this committee are:

  • Neil Cooper (Chairman)
  • Martin Angle
  • Gill Rider

In addition two South West Water non-executive directors, Martin Hagen and Lord Matthew Taylor, attend Committee meetings and contribute to Committee discussions.

In accordance with the code of principles relating to audit committee membership Neil Cooper has recent and relevant financial experience as set out in his biography. Martin Angle also has relevant financial experience as set out in his biography.

The Committee usually meets around four times each year and is responsible for determining the remuneration and terms of engagement of the Chairman, the Executive Directors and senior management of the Group. Members of the Remuneration Committee do not participate in decisions concerning their own remuneration. More information on the activities of the Remuneration Committee can be found in the Annual Report.

The members of this committee are:

  • Martin Angle (Chairman)
  • Neil Cooper
  • Gill Rider

In addition Martin Hagen, an independent South West Water non-executive director, attends Committee meetings and contributes to Committee discussions.

Read more about the Remuneration Committee in the Annual Report and Accounts 2016

Download the Remuneration Committee Terms of Reference (PDF)

The Committee meets as and when required to select and recommend to the Board suitable candidates for appointment as Executive Directors and Non-executive Directors.

It also determines the nomination process and reviews succession plans for members of the Board and for other senior executives in the Group.

The members of this committee are:

  • Sir John Parker (Chairman)
  • Martin Angle
  • Neil Cooper
  • Gill Rider

In addition, independent non-executive directors of South West Water attend committee meetings when South West Water matters are considered.

The Committee meets around six times a year.

The Committee's duties, in the context of the requirement for companies to conduct their business in a responsible manner (including in relation to environmental, social and governance (ESG) matters), are to review and approve where appropriate the strategies, policies, management, initiatives, targets and performance of the Pennon Group of companies in the areas of occupational health and safety and security, environment, workplace policies, responsible and ethical business practice, customer service and engagement, and the role of the Group in society.

The members of this committee are:

  • Gill Rider (Chairman)
  • Martin Angle
  • Chris Loughlin

In addition Matthew Taylor, an independent South West Water non-executive director, and Stephen Bird, Managing Director South West Water, attend Committee meetings and contribute to Committee discussions.