Severn Trent Board
The Directors of the Severn Trent PLC and Severn Trent Water Limited Boards.
Severn Trent Executive Committee
The Executive Committee oversees the development and execution of Severn Trent’s strategy. It also has accountability for achieving business results.
Hafren Dyfrdwy Board
These are the Directors of the Hafren Dyfrdwy Cyfyngedig Board.
The Audit Committee assists the Board in discharging its responsibilities for the integrity of the Company’s financial statements, the assessment of the effectiveness of the systems of internal controls and the effectiveness of internal and external auditors.
The Corporate Sustainability Committee provides guidance and direction to the Company’s corporate sustainability programme based on our Code of Conduct, Doing the Right Thing: the Severn Trent Way. It also reviews the Group’s non-financial risks and opportunities.
The Nominations Committee assists the Board by keeping the composition of appointments to the Board under review. It also assists the Board on issues of Executive Directors’ succession planning, conflict of interest and independence.
On behalf of the Board, the Remuneration Committee determines the Company’s policy on the remuneration of Executive Directors, other members of the Executive Committee and the Chairman of the Board.
Please note that the Company’s latest Remuneration Policy is contained within the 2018 Annual Report and Accounts. The Policy grants the Committee discretion to settle LTIP awards to good leavers in cash. The Committee does not intend to exercise its discretion in such circumstances
The Treasury Committee provides oversight of treasury activities in implementing the policies and the funding and treasury risk management plan approved by the Board, including inter alia: the measurement and management of interest rates, funding, counterparty credit, liquidity and operational risks; funding proposals; relationship with rating agencies; debt
investor relations; bank relationship management, and treasury internal controls.
The Committee will review and approve the Group Treasury Policy Statements, at least annually, and present an annual report to the Board in relation to its activities.