Corporate Governance
Disclosure committees
National Grid has established disclosure committees that are tasked with various duties relating to the material disclosures made by the Company and relevant subsidiaries.
The National Grid disclosure committee is chaired by the Finance Director and its members are the Company Secretary & General Counsel, the Tax & Treasury Director, the Financial Controller, the Director of Investor Relations, the Corporate Director of Audit, the Corporate Counsel and such other members and/or attendees as the committee from time to time considers appropriate. The committee's role is to assist the Chief Executive and the Finance Director in fulfilling their responsibility for oversight of the accuracy and timeliness of the disclosures made by the Company. It does so through:
the design, establishment, monitoring and review of disclosure controls and other procedures to ensure information required to be disclosed is recorded, processed, summarised and reported accurately and on a timely basis and that information is accumulated and communicated to management in such a way as to allow timely decisions regarding such disclosures;
reviewing and considering the preparation of key disclosure statements including but not limited to the Company's Annual Report and Accounts, Annual Review, Regulatory News Service announcements in the UK (and US equivalents), press releases containing financial information, information about material acquisitions or dispositions such as the acquisition of KeySpan, presentations to holders of debt and equity securities, analysts, rating agencies and lenders; and
reporting as necessary to the Board, the Audit Committee and the Executive Committee all relevant information with respect to the preparation of disclosure statements and the evaluation of the effectiveness of National Grid's disclosure controls.