The Stakeholder Advisory Panel meets with the EDF Energy Executive Team quarterly to offer strategic counsel and expert guidance on the overall approach of the business.
We believe it is vital to maintain a transparent and open dialogue with our stakeholders. This goes right to the heart of our determination to be a leader in sustainability and a point of reference in our sector in the UK. In 2006, we set up a Stakeholder Advisory Panel to help our Chief Executive and our Executive Team discuss key strategic issues for our business with a range of expert independent advisors. We use the panel members to:
• Challenge the development of our strategy, and business approach;
• Support the development of our position as a point of reference on key topics; and
• Act as advocates on the company’s behalf.
The Panel meets quarterly but we also engage members on an ad-hoc basis. The Panel does not have legal or fiduciary responsibilities and any actions proposed are subject to the normal governance process of the company. Since 2006 the Panel has played a major role in shaping our sustainability strategy with members actively participating in the launch of Our Sustainability Commitments and the development of our Better Energy Ambitions. In doing so, they have helped draw up a range of ambitions specifically designed to improve the transparency of our operations and improve the sustainability of our business across energy generation and customer services.
Our Panel Members
The Panel has five externally appointed members from backgrounds including commercial, political and not-for-profit sectors. The Panel is chaired by Sir Richard Lambert, former Chancellor of Warwick University and former Director General of the CBI. He took over from Will Hutton, Principal of Hertford College, Oxford, in November 2013. Will Hutton, who held the role for seven years, continues to provide independent advice to the company.
Other Panel members are:
• Dame Helen Alexander, Chairman of UBM plc, non-executive director of Huawei UK, senior adviser to Bain Capital, a member of PwC’s Public Interest Body. Helen is also Deputy Chair of the Hampton-Alexander Review into the representation of women in senior levels of business, Chancellor of the University of Southampton, Chairman of the trustees of Thomson-Reuters, director of the Grand Palais (Paris) and Said Business School (Oxford) and an honorary fellow of Hertford College, Oxford.
Helen was president of the CBI 2009-2011 and was chief executive of the Economist Group until 2008, having joined the company in 1985 and been managing director of the Economist Intelligence Unit from 1993 to 1997. She has also served on the boards of Northern Foods plc, BT plc, Centrica plc, Rolls Royce plc, as deputy chairman of esure Group Holdings plc and chairman of the Port of London Authority. Dame Helen has an MA from Oxford, an MBA from INSEAD and in 2015 was awarded the French Legion d'honneur.
• Lord Patten of Barnes, Former Chair of the BBC Trust and the former Governor of Hong Kong.
• Sir Simon Robertson, Former Non-Executive Deputy Chairman, HSBC Holdings and Former Chairman of Rolls Royce.
• Diane Coyle OBE, Former Vice-Chair of the BBC Trust and Professor of Economics, Manchester University.