All Directors are equally accountable for the proper stewardship of the Group's affairs with the Non-executive Directors having a particular responsibility for ensuring that strategies proposed for the development of the business are critically reviewed. The Non-executive Directors also 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. In addition the Chairman holds meetings with the Non-executive Directors without the Executive Directors present, to discuss performance and strategic issues.
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 Board Committees are:-
Gerard Connell (Chairman)
Ken Harvey (Chairman)
|Sustainability (formerly Corporate Responsibility)|
Dinah Nichols (Chairman)
Martin Angle (Chairman)
The Audit Committee usually meets around three times each year and its Terms of Reference can be viewed by clicking the link above.
The Committee usually meets around three 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. The Directors' remuneration report in the Annual Report provides more information on the activities of the Remuneration Committee.
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.
Sustainability Committee (formerly Corporate Responsibility Committee)
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 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, corporate policies, non-financial regulatory compliance and the role of the Group in society.