National Grid 2008 Annual Report Download - page 524

BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 29761
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-15.1, Doc: 16, Page: 12
Description: EXHIBIT 15.1
0/6208.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/208/6*
BOWNE INTEGRATED TYPESETTING SYSTEM
CRC: 29761
Name: NATIONAL GRID
Date: 17-JUN-2008 03:10:51.35Operator: BNY99999TPhone: [phone]Site: BOWNE OF NEW YORK
Y59930.SUB, DocName: EX-15.1, Doc: 16, Page: 12 Description: EXHIBIT 15.1
0/6208.00.00.00Y59930BNY
[E/O] EDGAR 2 *Y59930/208/6*
Table of Contents
20
About National Grid continued
National Grid
p
lc
Organisation and structure
Organisation
Our organisational structure and executive responsibilities
are designed around a philosophy of ensuring that we have
the appropriate balance between activities that are local, by
lines of business and those that are common throughout
National Grid.
The Board of Directors has overall responsibility for
governance and management of National Grid. The
Executive Committee, led by the Chief Executive, is
responsible for day-to-day management of National Grid and
for the execution of our strategy as approved by the Board.
In addition to the Executive Committee, the Board has also
established a number of other committees that exercise
governance over National Grid’s activities, including the
Finance, Risk & Responsibility, Remuneration, Nomination
and Audit Committees.
More information is available in the Corporate Governance
section on
p
a
g
es 88 to 97.
Business and geographic analysis
Our continuing operations are organised by lines of business
as follows:
Our businesses are divided between the UK and the US as
follows:
The above charts are based on revenue and operating profit
from continuing operations for the year ended 31
March 2008 including exceptional items, remeasurements
and stranded cost recoveries.
Revenue in the US includes commodity charges to
customers for the energy they use, and on which we make
no margin; revenue in the UK does not include similar
charges.