UK Energy Security Strategy & Cadent Financial Overview
Corporate Governance at Cadent
The Board's philosophy is to uphold the highest standards of corporate governance
appropriate to our size, the essential public service we provide and the regulatory
framework that applies to us
Board Composition
17 Directors
•
•
Non-exec Chairman (also SID)
2 further SIDS
CEO; CFO; COO
11 Shareholder-nominated
Directors
4 alternate Directors
• Supported by General
Counsel/Company Secretary
• 5 Sub-Committees - Safety,
Sustainability, Audit & Risk,
Remuneration and Nominations
2 Steering Committees - Finance and
Public Inquiry and Related Matters
Advisory Board to Cadent Foundation
Board Effectiveness
Regularly evaluated; supported by
independent third party
2020 review Safety & Sustainability
Committee divided into two separate
Committees; Finance Committee
reconstituted as Steering Committee
Structure and flow of Board agendas
and papers reviewed to ensure
information enables appropriate
scrutiny and enquiry
Appointment of independent expert
advisors to the Board to consider
Cyber matters
Driving Performance and Culture
Targets set for Cadent colleagues,
convey our expectations on delivering
our RIIO-2 commitments for the benefit
of our customers and wider
stakeholders
Short Term Incentive Plan measures
include Customer Excellence;
Economic Outcome, Safety,
Sustainability and Business Outcomes
Long Term Incentive Plan measures,
applicable to senior managers/
executive team, include delivery of
RIIO-2 Customer Strategy, Economic
Outcomes, Sustainability Commitment,
RIIO-2 Commitment and Energy
System Transition
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