Annual Report and Accounts 2016

The Board and its governance framework

The Board and its new governance framework introduced in April 2016, which incorporates a ‘plenary’ style of operation, is set out below. The Board has a ‘matters reserved’ schedule setting out its responsibilities, and each Committee has a detailed terms of reference setting out its responsibilities, accountabilities and reporting obligations to the Board. Further details of the responsibilities of the Pennon Group Board Committees are set out in the report of each Committee on pages 66 to 76. These, together with the risk management and internal control frameworks described on pages 51 and 65, form an effective and robust governance structure designed to manage and develop the Group inaccordance with the Group’s strategy to maintain and grow shareholder value.

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