Corporate Governance
The Board
The Board of National Grid was composed as follows and attendance at Board meetings was as indicated from a total of 11 meetings during 2006/07:
| Name | Attendance* |
|---|---|
| Chairman | |
| Sir John Parker | 11 of 11 |
| Chief Executive | |
| Steve Holliday (Chief Executive from 1 January 2007) | 11 of 11 |
| Roger Urwin (to 31 December 2006) | 9 of 9 |
| Executive Directors | |
| Steve Lucas | 11 of 11 |
| Nick Winser | 11 of 11 |
| Mark Fairbairn (from 1 January 2007) | 2 of 2 |
| Edward Astle | 11 of 11 |
| Mike Jesanis (to 31 December 2006) | 5 of 9 |
| Non-executive Directors | |
| Ken Harvey (Senior Independent Director) | 10 of 11 |
| Linda Adamany (from 1 November 2006) | 5 of 5 |
| John Allan | 7 of 11 |
| John Grant (to 31 July 2006) | 3 of 3 |
| Paul Joskow | 10 of 11 |
| Stephen Pettit | 10 of 11 |
| Maria Richter | 11 of 11 |
| George Rose | 10 of 11 |
*Attendance is expressed as number of meetings attended out of number eligible to attend
Biographical details for all the Directors are set out under Board of Directors, together with details of Board Committee memberships.
Directors are sent papers for meetings of the Board and those Committees of which they are a member whether they are able to attend the meeting or not. In the event that a Director is unable to attend a meeting, they are able to relay their views and comments via the relevant Committee chairman, another Committee member or the Chairman of the Board.
Provided we complete the acquisition of KeySpan, Robert B. Catell, currently Chairman and Chief Executive Officer of KeySpan, will join the Board as Deputy Chairman. The intended retirement from the Board of Paul Joskow will be with effect from 31 July 2007. He will be replaced as chairman of the Finance Committee by Maria Richter with effect from 31 July 2007.
The service contracts (Executive Directors) and letters of appointment (Non-executive Directors) of Board members are available for inspection by National Grid's shareholders at our registered office and also at the Annual General Meeting (AGM) prior to the meeting. Further details regarding the Directors' service contracts/letters of appointment can be found in the Directors' Remuneration Report. Directors are submitted for re-election by National Grid's shareholders at the first AGM following their initial appointment and then at least once every three years. Further details regarding those Directors due for re-election at the 2007 AGM can be found in the Notice of 2007 AGM.