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We're committed to maintaining high standards of corporate governance and leadership, and we recognise the importance of demonstrating to customers, shareholders, investors, regulators and other stakeholders how this is achieved.

Our Board promotes transparency, accountability, ethical conduct and commitment to high standards of performance in delivering services to customers and to the protection of the environment.

Our Corporate Governance Code is there to ensure that we continuously review and enhance our corporate governance framework to achieve best practice. It also ensures that we demonstrate a transparent approach to all governance matters.

Nomination Committee

Chair: Nick Salmon (Independent Non-Executive Director) – Other Members: John Barnes (Independent Non-Executive Director), Célia Pronto (Independent Non-Executive Director), Rachel Drew (Non-Executive Director – Shareholder Nominated), Anne-Noelle Le Gal (Non-Executive Director – Shareholder Nominated)

Remuneration Committee

Chair: John Barnes (Independent Non-Executive Director) – Other members: Nick Salmon (Independent Non-Executive Director), Célia Pronto (Independent Non-Executive Director), Rachel Drew (Non-Executive Director – Shareholder Nominated), Anne-Noelle Le Gal (Non-Executive Director – Shareholder Nominated)

Audit and Risk Committee

Chair: Chris Girling (Independent Non-Executive Director) – Other members: John Barnes (Independent Non-Executive Director), Célia Pronto (Independent Non-Executive Director), Rachel Drew (Non-Executive Director – Shareholder Nominated), Anne-Noelle Le Gal (Non-Executive Director – Shareholder Nominated)

Responsible Business Committee

Chair: Anne-Noelle Le Gal (Non-Executive Director - Shareholder Nominated) – Other Director members: John Barnes (Independent Non-Executive Director), David Hinton (Executive Director), Rachel Drew (Non-Executive Director – Shareholder Nominated)

Ownership

The ultimate owners of HDF (UK) Holdings Ltd are Utilities of Australia Pty Ltd as Trustee for the Utilities Trust of Australia, NatWest Pension Trustee Limited as trustee for the NatWest Group Pension Fund (Main Fund Section) and three entities of the Desjardins cooperative financial group based in Quebec (Régime de rentes du Mouvement Desjardins, Desjardins Financial Security Life Assurance Company and Certas Home and Auto Insurance Company).

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Roles of group companies

  • South East Water is the main operating company
  • South East Water (Finance) is the company that holds most of the debt raised by the group. It is registered in the Cayman Islands for historic company law reasons but it is resident in the UK for tax purposes
  • South East Water (Holdings) role is to ring-fence the operating company beneath it from any financial difficulties in the companies higher up the ownership chain 
  • Hastings Luxembourg Water S.a.r.l. is registered in Luxembourg and borrows money from banks and shareholders and passes on the proceeds to companies within the group structure