We recognise the importance of demonstrating to customers, regulators and other stakeholders that we operate to the highest standards of governance and transparency.
We are committed to high standards of corporate governance and transparency, believing these to be essential in delivering the long-term success of our business. The Board governs the company in accordance with the Affinity Water Corporate Governance Code (‘AW Code’). This incorporates the Ofwat Board Leadership, Transparency and Governance Principles 2019 (‘BLTG Principles’) in their entirety, and the principles of good corporate governance set out in the UK Corporate Governance Code 2018. We last reviewed our AW Code in February 2021.
Our independent non-executive directors are the largest single group on our Board, compared to our executive directors and investor-appointed non-executive directors. Our independent non-executive directors therefore have a strong voice in the governance of our regulated business.
Alongside our Governance Code, we have published a number of other documents. These explain how our board and its committees operate, where decisions are taken and how our shareholders participate in certain key decisions relating to our business. We have also published the respective responsibilities of our Chairman and Chief Executive and the terms of appointment of our independent non-executive directors.
Further information about our governance is included in the Annual Report and Financial Statements of Affinity Water Limited and can be found in the Investor Relations section of this website.
If you would like any of the information in large print, braille or audio. Please call us on 0345 357 2406 or complete our priority services form.