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Board-leadership-transparency-and-governance-principles-2019-updated-July-2019.pdf

🔗 Source: ofwat.gov.uk

📊 Size: 574 KB

👤 Author: Jeevan Jones

⬇️ Downloads: 33

Summary

Ofwat's board leadership, transparency, and governance principles apply to England and Wales' largest regulated water companies and licensed infrastructure providers. The principles, effective from April 1, 2019, supersede the 2014 regulated and holding company principles. Companies must meet four objectives:
1. Establish purpose, values, and culture reflecting the needs of those they serve.
2. Have an effective board with full responsibility for the company's business.
3. Ensure transparency and accountability in their decision-making and actions.
4. Engage with stakeholders and be responsive to their needs.

Companies must explain how they meet these objectives in an effective, accessible, and clear manner, and Ofwat will review their progress, considering guiding provisions and best practices.

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Description

Ofwat's board leadership, transparency, and governance principles apply to England and Wales' largest regulated water companies and licensed infrastructure...

Technical Information

File Format: PDF
File Size: 574 KB
Pages: 8
Language: EN
Author: Jeevan Jones
Total Downloads: 33
Last Updated: 3 months ago

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