ESB Annual Report 2012 - (Page 44)

44 ESB Annual Report 2012 - Energy for connecting youESB Annual Report 2012 - Energy for connecting you 15:35 ENERGY FOR ENABLING BUSINESS IN THIS SECTION Chairman’s Corporate Governance statement 45 The Board Executive Team Board Members’ Report Risk Management Report THE WAY WE WORK THE WAY WE ARE STRUCTURED Our organisation is structured to allow for effective and efficient decision-making with clear accountabilities. THE WAY WE CHOOSE TO BEHAVE „ We comply with the Code of Practice for the Governance of State Bodies (updated in 2009). „ We conform as far as possible and on a voluntary basis, to the UK Corporate Governance Code. „ Our code of ethics outlines our approach to responsible business behaviour. The underlying principle of the code is that employees will strive to perform their duties in accordance with the highest standards of integrity, loyalty, fairness and confidentiality and that they will abide by all legal and regulatory requirements to enhance the reputation of the ESB Group. THE WAY WE ASSURE OUR PERFORMANCE „ Management assurance is provided by a combination of effective management processes and risk and compliance activities. „ Independent assurance is provided primarily by internal audit and by our external auditors. The way we assure our performance 46 48 50 58 The way we are structured The way we choose to behave

Table of Contents for the Digital Edition of ESB Annual Report 2012

ESB Annual Report 2012
Contents
Business Overview
Chairman’s Statement
Chief Executive Review
Our Strategy and Business Model
Operating and Financial Review
Operating Environment
Finance Review
Business Unit Sections: ESB Generation and Wholesale Markets
ESB Networks
NIE
Electric Ireland
Corporate Social Responsibility
Introduction from Executive Director, People and Sustainability
Sustainability Charter
Energy Usage 2012
ESB Innovation
Equality and Diversity
Our People
Our Community
Corporate Governance
Chairman’s Corporate Governance Statement
The Board
Executive Team
Board Members’ Report
Risk Management Report
Statement of Board Members’ Responsibilities
Independant auditor’s report to the stockholders of Electricity Supply Board (ESB)
Statement of Accounting Policies
Financial statements
Prompt Payments Act

ESB Annual Report 2012

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