About the ELEXON Board
The ELEXON Board is ultimately accountable to BSC Parties. BSC Parties can vote to remove ELEXON’s directors at the Annual BSC Meeting or at a General Meeting of Voting Parties which can be requested at any time.
Our Board
The seven members of the Board have a strong mix of multi-disciplinary experience and a composition that follows corporate governance best practice.
The ELEXON Board is responsible for:
- providing leadership to ELEXON
- setting the company’s strategic aims, including the approval of its annual Business strategy
- ensuring that the necessary financial and human resources are in place for the company to meet its objectives, including approving the company’s budget
- reviewing the performance of the company’s management
- the governance of the company
- ensuring that ELEXON’s obligations to its stakeholders, including BSC Parties, are understood and met
Meetings
Our Board is scheduled to meet on ten occasions each year, and at other times where necessary. These meetings include main Board meetings, strategy meetings and committee meetings.
The Board publishes a circular every 6 months to keep Parties informed of the issues that the Board is currently focussed on.
Previously the Board publishes updates as part of its Board headline reports. However, this document set is no longer published.
Annual BSC Meeting
An Annual BSC Meeting shall be held once in each BSC Year, usually in July.
The purpose of the meeting is to present the accounts and reports provided for the previous BSC Year, and the Business Strategy and Annual Budget provided for the current BSC Year, and a response to any questions which Parties may have in relation to them.
Accountability
The ELEXON Board is ultimately accountable to BSC Parties.
BSC Parties can vote to remove ELEXON’s directors at the Annual BSC Meeting or at a General Meeting of Voting Parties which can be requested at any time.
BSC Parties also have the right to request a vote, at an Annual BSC Meeting or a General Meeting, on non-binding resolutions which will be advisory in nature for the Board.
Requesting meetings or votes
To request a General Meeting or a vote at an Annual BSC Meeting you should complete the necessary for and email it to ELEXON’s Company Secretariat.
It can also be sent by post to:
The Company Secretary
ELEXON Limited
4th Floor 350 Euston Road
London, NW1 3AW
The General Meeting Request Form must be authenticated by the Authorised Signatory of the Voting Party or Voting Parties making the request.
The request must also be made by Voting Parties holding at least 5% of the Actual Voting Share.
Actual Voting Share
Annex C-2 of the BSC sets out the rules for determining what a BSC Party’s Actual Voting Share.
Voting Share Register
The Actual Voting Share for your Trading Party Group or Distribution Business Group is published regularly on the website.
Votes can only be exercised by an Authorised Person or by a duly appointed Proxy.
Please refer to BSCP38 in order to appoint Authorised Persons who can:
- keep ELEXON informed of changes to Trading Party Groups and Distribution Business Groups
- request a vote at a General Meeting or an Annual BSC Meeting
- exercise a vote on behalf of a Voting Party at a General Meeting or an Annual BSC Meeting
- point a proxy to vote on a Voting Party’s behalf at a General Meeting or an Annual BSC Meeting.
Proxy Appointments
Voting Parties can appoint a proxy using the Proxy Appointment Form that is issued to you as part of the notice of a General Meeting.
Proxy Appointment Forms must be sent to ELEXON’s Company Secretariat at [email protected]
Board profiles
Michael Gibbons
ELEXON Board and BSC Panel Chairman
Michael Gibbons was appointed in October 2013. Michael brings with him a wide range of industry experience, having spent 11 years at director level with Powergen.
Sara Vaughan
Industry non-executive director
Sara Vaughan was appointed to the ELEXON Board on 6 March 2019. She was appointed to the E.ON UK Board as Strategy & Regulation Director in 2012. Sara was on the Board of the UK Business Council for Sustainable Energy, which merged into the newly formed Energy UK in 2012, where she is an alternate Board Director.
David Titterton
Industry non-executive director
David Titterton was appointed to the ELEXON Board on 6 March 2019. David is Energy Services Director for Npower, an engineer by background and has over 34 years’ experience in the energy industry. David has held many senior roles in Npower and prior to that Scottish Power; in all parts of the energy retail business including Customer Service & Field Operations, Sales & Marketing and Trading.
Clare Duffy
Industry non-executive director
Clare brings extensive industry knowledge to the ELEXON Board in particular her experience working for an independent generator in the market.
David Rigney
Senior independent director
David is a qualified accountant with wide ranging experience across Finance, IT, Customer Service and Corporate Governance.
Anne Heal
Independent non-executive director
Anne is an experienced non-executive director on a wide range of boards for leading companies
Mark Bygraves
Chief Executive Officer
Mark Bygraves is the Chief Executive of ELEXON,
Other Board attendees
- Nick Brown – Company Secretary and Legal Advisor
The BSC Panel
The Panel oversees changes to the BSC and reviews the strategy element of ELEXON’s annual Business Plan. There are six committees made up of industry experts established by the Panel to oversee specific areas of BSC activity.
Our Executive
Our Executive Team is responsible for ELEXON’s day-to-day management. The team works with our Board, Panel and staff to ensure the successful delivery and evolution of the BSC.