Most of what goes right with an enterprise – and most of what goes wrong with it – can be traced back to decisions made at the top. For an organization to flourish and help others flourish, it must have solid leadership. In the business world, the term for that is good corporate governance.

Most of what goes right with an enterprise – and most of what goes wrong with it – can be traced back to decisions made at the top. For an organization to flourish and help others flourish, it must have solid leadership. In the business world, the term for that is good corporate governance.

Governance Structure

Good corporate governance ensures that Dominion Energy remains a proficient and trustworthy steward of the resources entrusted to our care.
This accountability goes hand-in-hand with our core values of safety, excellence, ethics, embrace change and teamwork, and is essential in preserving the long-term and sustainability of Dominion Energy for our shareholders, employees, customers, the communities in which we work, the natural environment in which we operate and other constituencies.

The Board of Directors has a separate committee devoted to sustainability and corporate responsibility.

Our Strategy:

To ensure strong and ethical leadership at every level of the organization, and to oversee and manage risk.

How We Performed:

We review our governance documents and policies regularly and propose changes whenever new rules or regulations are introduced; or whenever changes are consistent with good governance practice and in the best interests of our company and our shareholders.

2018 Target Status
The Board of Directors will receive an annual report on our sustainability targets, strategy and progress. The report to the Board of Directors is planned for December 2018.

Where We’re Headed:

The Board has continued to engage on Environmental, Social & Governance (ESG) matters during each regularly scheduled Board meeting. Later this year the board of directors will receive an annual report on our sustainability targets, strategy and progress. In October 2018, the Board of Directors established a new Sustainability and Corporate Responsibility Committee to further assist of oversight of these matters. The committee will review Dominion Energy’s approach to environmental, social, economic and reputational issues that affect the company’s business and performance as well as our communities and stakeholder groups. The strategies and initiatives within the committee’s scope include (1) the company’s protection and improvement of the quality of the environment, its climate change program and its broader environmental policies and program; (2) diversity, inclusion, talent management and supplier engagement; and (3) community and stakeholder engagement.

Our Commitments:

Engagement with directors on ESG matters will continue at each regularly scheduled Board of Directors’ meeting. We will continue to improve our communications channels and transparency on ESG matters with stakeholders.

Board of Directors

At the top of the leadership pyramid sits the Board of Directors. It has a fiduciary duty to oversee the management of the company’s business and uphold shareholder interests. Accordingly, our Board of Directors has oversight of the company’s environmental performance and sustainability initiatives, along with our long-term growth strategy — which addresses the interests of shareholders and stakeholders, including customers, employees, suppliers, our neighbors in the communities we serve and the environment.

We have a well-rounded and diverse board in the broadest sense — one that that reflects a diversity of gender, age, board tenure, professional experience, community involvement, skills and other attributes. In accordance with our Corporate Governance Guidelines, the Compensation, Governance and Nominating (CGN) Committee recommends director candidates who represent a mix of backgrounds and experiences that will enhance the quality of the board’s deliberations and decisions. We have always provided biographical information, including key experience and qualifications, for each of our directors in our proxy statement. In continuation of transparency of disclosure, we have provided a summary of key attributes and skills of the full board on our website. The board operates through four committees: Audit, CGN, Sustainability and Corporate Responsibility, Finance and Risk Oversight. All four committees are composed entirely of independent directors, and we also have an independent lead director who leads the executive session of our independent, non-management directors at each regularly scheduled board meeting.

The Board’s structure and responsibilities are outlined in its Corporate Governance Guidelines, which also include the duties and responsibilities of our lead director and our director independence standards.

We review our governance documents and policies regularly and propose changes whenever new rules or regulations are introduced; or whenever changes are consistent with good governance practice and in the best interests of our company and our shareholders.

The Corporate Governance Guidelines, each committee’s charter, and other governance policies can be found on our Governance webpage.

Stakeholders may contact our non-management directors by clicking here

OR at

Board of Directors
c/o Corporate Secretary
Dominion Energy, Inc.
P.O. Box 26532
Richmond, VA 23261

Facebook Instagram LinkedIn Twitter Youtube