The Utility Regulator is today publishing a decision paper on the Northern Ireland Energy Holdings Corporate Governance Review.
In March 2009, the Utility Regulator issued a consultation paper to inform interested parties of the corporate governance structure in place within Northern Ireland Energy Holdings (“NIEH”). The consultation paper set out the findings of the review carried out by Ernst & Young and the Utility Regulator and recommendations on potential improvements to the NIEH corporate governance structure including remuneration and regulatory processes.
This decision paper sets out the Utility Regulator’s final conclusions on the recommendations made in the consultation paper and gives the Utility Regulator’s view on some of the key issues raised as part of the consultation process. The responses to the consultation are published below and have been taken into account in developing the decision paper.