American Water maintains strong governance practices that support our strategic direction, inclusive and diverse workplace and strong ethical reputation.
For us, effective corporate governance includes:
- Having a high-quality, diverse Board of Directors;
- Implementing policies and procedures that promote governance quality, operating in stakeholders’ best interest and engaging stakeholders;
- Promoting the integrity of governing bodies, such as having a majority of independent directors and an independent Board Chair;
- Having the Board and its Committees meet in executive session without management;
- Helping ensure clear lines of accountability for material environmental and social topics, including Board engagement on these topics; and
- Demonstrating transparency and accountability to stakeholders through public disclosures.
Our corporate governance structure promotes accountability and integrity across the organization. Our Board of Directors has the following standing committees:
- Audit, Finance and Risk;
- Executive Development and Compensation;
- Nominating/Corporate Governance; and
- Safety, Environmental, Technology and Operations