EnLink’s approach to ethical governance seeks to promote transparency, communication, and accountability to strengthen sustainable business practices and uphold our company’s Core Values. EnLink’s Board of Directors (Board) and executive leadership team have extensive energy, finance, sustainability, and public company governance expertise, which uniquely position them to drive long-term value for our unitholders and other stakeholders.
Foundational Governance Achievements
- Maintains complete independence at the Board's Audit and Conflicts committees with all members being independent directors
- Provides oversight on EnLink’s sustainability initiatives through Board-level Sustainability Committee
- Discusses top enterprise risks and corresponding risk mitigations with the Audit Committee each quarter
- Maintains a robust cybersecurity program and conducts employee training to educate on the importance of vigilance against cyber threats
2022 Governance Achievements
- Continues to expand the ethnic and gender diversity of our Board, which on December 31, 2022, included two female directors, three directors with ethnic diversity, and three directors under the age of 50
- Ties 80% of EnLink's executive compensation to performance-driven incentives
- Targets compensation for each executive role at the market median (50th percentile)
- Includes a "Safety and Sustainability Scorecard" weighted at 15% within EnLink's Short-Term Incentive Program
- Includes both seasoned and new Board members with an average tenure for the Board of approximately three years
- Requires annual ethics training by all employees, who also certify their commitment to EnLink’s Code of Business Conduct and Ethics
- Requires that applicable employees complete training concerning the Foreign Corrupt Practices Act and compliance with Federal Energy Regulatory Commission rules and regulations
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.