EnLink’s Board engages with management to deliver value to our stakeholders. EnLink’s Board provides general oversight of the business and affairs of EnLink, including overseeing EnLink’s sustainability strategy through its Sustainability Committee and reviewing sustainability progress on a quarterly basis through reports from the Committee.
Board Experience and Diversity
The directors on our Board have significant experience in the energy industry, in serving on other public company boards, and in sustainability-related matters.
On December 31, 2022, there were eight members on EnLink’s Board of Directors, including:
- Four independent directors¹
- Two female directors
- Three directors with ethnic diversity
- Three directors under the age of 50
- Average age of directors of 55.5
- Average tenure of directors of 3.01 years
In 2022, EnLink appointed Jesse Arenivas to serve as CEO and a director on the Board to replace his recently retired predecessor, Barry Davis. Arenivas was one of just 20 Latino CEOs on the 2022 Fortune 500². With Arenivas, EnLink’s four-person executive leadership team includes two leaders with ethnic diversity and one woman.
Board Committees and Charters
Our Board has four standing committees, including an Audit Committee, a Conflicts Committee, a Governance and Compensation Committee, and a Sustainability Committee. All members of the Audit Committee and the Conflicts Committee are independent directors.
The Sustainability Committee was formed in 2021 to strengthen EnLink’s sustainability governance. The committee chairwoman is Deborah G. Adams, who has extensive sustainability experience. The committee’s purpose is the oversight of EnLink’s environmental, social, and governance (ESG) initiatives, including environmental, health, and safety and operational excellence initiatives, and the identification, evaluation, and monitoring of potential ESG issues and opportunities. The Sustainability Committee meets quarterly and provides reports to the EnLink Board of Directors after each meeting.
The committee charters for each of these committees, as well as the governance guidelines for our Board and our Code of Business Conduct and Ethics, which applies to each Director on our Board, are available in the Governance Documents section of our investor website.
- Under the governing agreement of the Managing Member, the sole member may modify the number of votes allocated to any director. As a result of such modification, currently directors with a majority of the voting power of the Board are also directors or officers of Global Infrastructure Partners (GIP).
- Bloomberg.com, “‘Sea of White’: Latino Leaders Fight to Reshape U.S. Boardrooms;” March 22, 2022
The information and data (collectively, “Information”) provided in EnLink’s 2022 Sustainability Report (“Report”) reflects content as of and for the period ending December 31, 2022, unless otherwise indicated. Such Information in this Report is for informational purposes only. EnLink does not make, and hereby expressly disclaims, any representation or warranty as to the accuracy or completeness of the Information contained herein. This Report is being published on August 1, 2023, and EnLink has no obligation or duty to (1) update or correct the Information, (2) provide additional details regarding the Information, or (3) continue to provide the Information, in any form, in the future. EnLink reserves the right, in its sole discretion, to modify, update, change, delete, or supplement the Information from time to time without notice. The Information should not be interpreted as any form of guaranty or assurance of future results or trends. EnLink is not expressly incorporating by reference any of the Information into any filing of EnLink made with the United States Securities and Exchange Commission or in any other filing, report, application, or statement made by EnLink to any federal, state, or local governmental authority. This Report contains information based upon EnLink’s role in the broader economy, environment, and society and for the purpose of responding to issues that are important to a wide range of interested parties. While events, scenarios, and efforts discussed in this report may be significant, any significance should not be read as necessarily rising to the level of materiality of the disclosures required under U.S. federal securities laws, which have distinct and specific concepts of materiality.