ABOUT US OUR CORE BUSINESSES INVESTOR INFORMATION SUSTAINABILITY MEDIA CONTACT US SEARCH Governance and Remuneration You are here: Home/About us/Governance and Remuneration Strong governance is one of the core areas through which we create shareholder value and build and maintain a sustainable business. Part of the role of the Chairman and the Board is to ensure that Pennon Group operates to the highest standards of corporate governance. Governance Framework Internal Control Remuneration Diversity Modern Slavery Act Tax Strategy The Board and its governance framework The Group’s Board and Committee structure, together with its risk management and internal control systems, forms an effective and robust governance framework designed to manage and develop the Group in accordance with the Group’s strategy to maintain and grow shareholder value. The Board of Directors comprises the Chairman, four Non-Executive Directors and two Executive Directors. All of the Non-Executive Directors are considered by the Board to be independent. The Board acts as the main governing body for the purpose of oversight for the Group with additional supervision of the regulated business of South West Water being provided by South West Water’s own board. Read more about the Board of Directors The Board has a schedule of matters reserved for its decision, which include: approval of the full year and half year results announcements; the approval of the Annual Report & Accounts (including the financial statements); all acquisitions and disposals; major items of capital expenditure; authority levels for other expenditure; risk management process and monitoring of risks; approval of the strategic plan and annual operating budgets; Group policies, procedures and delegations; and appointments to the Board and its Committees. The Board delegates more detailed consideration of certain matters to Board Committees, to the Executive Management of Pennon Group, South West Water or Pennon Water Services, as appropriate, or to the Group General Counsel & Company Secretary. The Committees and Executive Management have detailed terms of reference setting out their responsibilities, accountabilities and reporting obligations to the Board. Read more about the Board’s Committees You may also be interested in... Investor Relations Contact Us Vision and Purpose Business Model Group KPIs Group History Group Structure Governance and Remuneration Gender Pay Gap Report Leadership Board Committees Officers and Advisers Policies OUR CORE BUSINESSES Go to South West Water website QUICK LINKS About Us Our Latest Pennon News Our Group Tax Strategy Our Board of Directors Our History Contact Us Supplier Terms and Conditions INVESTOR LINKS Annual Report 2021 Online Annual Report 2021 Share Price Financial Calendar Reports and Presentations Shareholder Services STAY IN TOUCH +44 (01392) 446677 Follow us on twitter Sign up for email alerts © Copyright 2021. Delivered by Investis Privacy Policy Cookie Policy Terms and Conditions Copyright Accessibility Site map We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.View our Cookie Policy Accept Cookies Cookie Settings