ScottishPower has approved and adopted the below corporate governance policies and rules which are designed to ensure the proper operation of ScottishPower's main corporate decision-making bodies, the administration, management and development of its business generally, all in accordance with applicable law and best practice.
Please read our Introduction to Corporate Governance for further information regarding the key principles behind this chapter of the ScottishPower Governance Sustainability System.
This chapter is structured into three parts: (i) corporate governance and regulatory compliance policies; (ii) risk policies; and (iii) rules on governance of the corporate decision-making bodies and of other internal functions and committees.
Corporate Governance and Regulatory Compliance Policies
The Board of Directors of Scottish Power Limited has also adopted the following policies:
- Risk Policy for the Deregulated Business in the United Kingdom (Scottish Power) on 4 May 2022.
- Risk Policy for the Grid Business in the United Kingdom (Scottish Power) on 4 May 2022.
- Risk Policy for Iberdrola’s Renewables Businesses on 4 May 2022.
Governance Rules of the Corporate Decision-Making Bodies and of Other Internal Functions and Committees
The ScottishPower Governance and Sustainability System, including each part of this Chapter regarding Corporate Governance, is updated from time to time in accordance with the ScottishPower group’s decision-making policies and procedures to reflect any updates made to the policies, strategies and general guidelines of the ScottishPower group’s ultimate shareholder Iberdrola, S.A. (Iberdrola Governance and Sustainability System) to the extent applicable to the ScottishPower Governance and Sustainability System.