The cornerstones of AVANGRID’s Corporate Governance are its continual updating of its policies and maximum transparency in its information. This creates value for stakeholders thanks to a business model based on ethics and transparency.
AVANGRID Shareholders Overwhelmingly Approve All Proposals at 2017 Annual Meeting
AVANGRID shareholders overwhelmingly supported all of the proposals presented at the 2017 Annual Meeting of Shareholders held on June 22, 2017, with quorum of approximately 99%. The vote indicates strong support for AVANGRID’s performance, strategic direction, and governance system. At the annual meeting, the AVANGRID shareholders voted to elect each of the 14 nominees to the board of directors to one-year terms. In addition, the shareholders approved four other proposals with at least 98% of the votes cast in favor of each proposal including amendments to AVANGRID’s by-laws to implement majority voting in uncontested director elections and to increase the minimum number of independent members of the board of directors from three to five.
AVANGRID named North American utility with best corporate governance
AVANGRID has been recognized for the second consecutive year as the North American utility with the best corporate governance practices, according the prestigious Ethical Boardroom publication, which recently announced its Corporate Governance Awards 2017 for The Americas. The awards recognize companies with outstanding corporate governance practices that play an essential role in protecting and enhancing long-term value for all stakeholders.