Southern Company’s independent directors provide substantive oversight on the management of our business strategies and related risks and opportunities, including sustainability topics. At each Board meeting and during the Board’s regular strategy sessions, Board members contribute to management’s strategic plan by engaging senior leaders in robust discussions about strategy, business priorities, operations, innovation and long-term risks and opportunities. The Board works closely with management on planning and transitioning our generating fleet, with focus given to capital allocation for replacement capacity and grid enhancements, community and employee impacts and advocacy for policies to help mitigate cost and societal impacts of the transition. The topics for which each individual committee is responsible are shown in the graphic below.
Thoughtful Board Oversight of Key Risks and Opportunities
The full Board regularly discusses key topics as part of its regular agenda, including Southern’s decarbonization strategy and human capital management.
“As the energy industry continues to evolve and as we project significant load growth in our service territories over the coming years, our Company remains committed to developing durable business strategies and to supporting policies that help customers and communities shift to a new energy economy. We believe that companies with a clear sense of purpose combined with a culture that embraces change, engages in healthy debate and encourages innovation will be the most adaptable.”
Anthony F. “Tony” Earley, Jr.
Lead Independent Director
Southern Company
Topics
We seek to establish corporate governance standards and practices that create long-term value for our stockholders and positive influences on the governance of the Company. Core to effective governance is regular investor and stakeholder engagement and a commitment to transparency.
