Governance

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South West Water remains committed to operating its business adhering to the highest standards of corporate governance, including transparency of reporting to its investors, customers, regulators and other stakeholders. We see strong governance as central to the successful management of any company, and the framework for the effective delivery of our own strategy and sustainability objectives.

Our governance structure is designed to ensure that we operate effectively and cohesively across the Pennon Group with efficient and transparent decision making while preserving the degree of regulatory Independence required for South West Water’s ringfenced regulatory business.

The Board recognises that it is responsible for providing vital services relating to water supply and sewerage disposal and in doing so acting responsibly to ensure the protection of the environment, the sustainability of its operations and the satisfaction of its customers’ needs. We are committed to the principles on board leadership, transparency and governance published by Ofwat in September 2013 and January 2014.

We have also adopted our own Board leadership, transparency and governance Code setting out how we comply with Ofwat’s principals.