Board Committees

Board Committees play an important role in the governance of RECCo. They have evolved since the organisation was created in February 2019 with an Executive Board comprising an Independent Chair and six Designate-Directors from the Parties; a transition to an independent Board of Non-Executive Directors (NEDs) was completed at ‘go-live’ in September 2021, as required by the REC.

The organisation has grown and matured further since ‘go-live’ and its governance is now supported by six Committees.

Helps define governance policies, oversees Board effectiveness and succession planning.

Manages the appointment process for new Board Directors, the CEO, and the Executive Team

Supports the Board in fulfilling its legal and fiduciary obligations in auditing, reporting, and internal company functions.

Assists the Board in determining the organisation’s remuneration policy and maintain an effective working relationship with the Executive Team and Human Resources.
Plays an important role in identifying, mitigating, and managing risks.
Plays a critical role in promoting ethical behaviour, transparency, and accountability.
Members are appointed onto Committees, drawing on their knowledge and experience and their roles and responsibilities beyond RECCo. Our committee membership as of 1st May 2024.
Governance
Nominations
Finance and Audit
Remuneration
Risk
Ethics
Paul Hallas Image 768px x 768px
Paul Hallas
Member

Each Director has also been nominated as Board ‘lead’ on key aspects of the RECCo mission:

We will facilitate the efficient and effective running of the retail energy market, including its systems and processes. We’ll do this through promoting innovation, competition and delivering positive consumer outcomes.

There are, then, Board ‘leads’ to address issues related to our stakeholders in industry (suppliers and networks) and consumers; there are also ‘leads’ on key issues for the retail energy market such as innovations in data and digital, and policy initiatives related to the net-zero agenda. Procurement of key services is fundamental to the way in which RECCo operates and there is a Board ‘lead’ to provide advice on best practice in this important area.

Scroll to Top