Effective corporate governance is a critical component to the success of Duke Energy’s business strategy. Our Board of Directors, led by our Chair, President and CEO Lynn Good, provides the leadership and guidance that drives sustainable, long-term value for our stakeholders, employees, customers and the communities in which we serve.
Our Board is responsible for overseeing the company’s long-term strategy to provide clean, reliable and affordable energy to our customers. As part of this oversight, the Board focuses on environmental, social and governance (ESG) matters, goals and strategies, as well as how our company’s performance metrics and incentives align with those goals.
The Board looks at the composition of its members annually – with a strong focus on diversity, including gender, race, background, skills and areas of experience – which enhances the quality of the Board’s discussions and decisions.
The Board is structured with a strong independent lead director role that assists the chair and CEO in setting agendas, approves meeting schedules, and leads the independent members of the Board in executive committee sessions at each meeting, among other responsibilities.
All members of the Board, except Good, are independent and comprise the six committees: Audit, Compensation and People Development, Corporate Governance, Finance and Risk Management, Operations and Nuclear Oversight, and Regulatory Policy. The committees oversee all operational, financial, strategic and reputational risks as set forth in their respective committee charters.