Board leadership and purpose
The Company has a strong Board of independent non-executive Directors from relevant complementary backgrounds, offering experience in the investment management of listed funds, as well as in the energy sector both from a public policy and a commercial perspective.
Corporate governance
Greencoat UK Wind is committed to high standards of corporate governance.
The Board operates under a framework for corporate governance which is appropriate for an investment company. All companies with a premium listing of equity shares in the UK are required under the UK Listing Rules to report on how they have applied the UK Code in their Annual Report and financial statements. This can be found in our latest Annual Report, which can be found on our reports and publications page.
UKW is a member of the Association of Investment Companies (AIC) and has therefore put in place arrangements to comply with the AIC Code and, in accordance with the AIC Code, complies with the UK Code. The AIC Code, as explained by the AIC Guide, addresses all the principles set out in the UK Code, as well as setting out additional principles and recommendations on issues that are of specific relevance to investment companies such as the Company. The AIC Code and the AIC Guide are available on the AIC’s website, www.theaic.co.uk. The UK Code is available on the FRC’s website, www.frc.org.uk.
Audit Committee
The Company’s Audit Committee is chaired by Caoimhe Giblin and consists of a minimum of three members.
Management Engagement Committee
The Company’s Management Engagement Committee comprises all of the Directors and is required to meet at least once per year. The Chairman of the Management Engagement Committee is Lucinda Riches CBE. The Management Engagement Committee’s main function is to keep under review the performance of the Investment Manager and make recommendations on any proposed amendment to the Investment Management Agreement.
Nominations Committee
The Company’s Nominations Committee comprises all of the Directors and is required to meet at least once per year. The Chairman of the Nominations Committee is Lucinda Riches CBE. The Nominations Committee’s main function is to plan for Board succession, and to review annually the structure, size and composition of the Board and make recommendations to the Board with regard to any changes that are deemed necessary.
Communications and Disclosures Committee
The Company has established a Communications and Disclosures Committee which is required to meet at least once a year. The Committee has responsibility for, amongst other things, determining on a timely basis the disclosure treatment of material information, and assisting in the design, implementation and periodic evaluation of disclosure controls and procedures. The Committee also has responsibility for the identification of inside information for the purpose of maintaining the Company’s insider list.
Communications and Disclosures Committee’s terms of reference
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