AVANGRID promotes a culture of compliance by embracing proactive education and addressing issues through a robust, fair and transparent process.
During 2017, AVANGRID was awarded “Best Corporate Governance for North American Utilities” by Ethical Boardroom, a quarterly publication providing in-depth coverage and analysis of global issues. The award methodology involved an assessment of the four key pillars of governance: board composition, board committees, shareholder rights and transparency. The award process recognizes leadership from boards who have raised the bar to ensure that strong corporate governance plays an essential part in protecting and enhancing long-term value for all stakeholders.
CODE OF BUSINESS CONDUCT AND ETHICS
In 2017, AVANGRID also introduced the new Code of Business Conduct and Ethics. The purpose of the code is to provide AVANGRID employees with straightforward and useful guidance for the way we conduct business at our company.
Employees are required to comply with the entire code. The code applies to all employees and sets forth our expectation of everyone working on our behalf, including consultants, agents, business partners and suppliers.
STATISTICS ON CORRUPTION
- Zero incidents of corruption — no fines, penalties or settlements in relation to corruption.