At the heart of corporate governance is the role of the board of directors, the highest governing authority within a company. The board is the protector of shareholders’ long-term interests with a responsibility to ensure those who invest in the company earn a fair return on their investment. Effective governance is guided by policies and by directors who are informed and engaged. The independence of directors is a hallmark of strong corporate governance. AEP’s Board of Directors is largely composed of independent directors. Nick Akins, who serves as chairman, president and chief executive officer, is the only member of AEP’s board that is from management.
Organizations do not change for the better without strong leadership. During this time of significant change and transition for our business, we have a strong management team in place that reflects the breadth and strength of AEP’s leadership capabilities and our ability to adapt successfully to change.