Entergy 2015 Annual Report Download - page 12

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12
Clear vision, clear progress.
2015 Integrated Report
Maintaining an Effective Board
By design, our board is diverse and balanced from a variety of perspectives. We have significant diversity
in gender or ethnicity as well as directors from a wide variety of professional backgrounds including utility
and general business experience, nuclear industry experience, government and public policy experience
and finance and accounting experience. Some of our board members have successfully navigated their
companies through periods of transformational change stemming from technological advances and
changing competitive dynamics. We need expertise in each of these areas to ensure our board can provide
oversight and guidance on Entergy’s business portfolio. We also believe our board is a good example of
how the whole can exceed the sum of its parts. Our board members actively engage each other to assure
that all ideas are evaluated critically from a number of perspectives.
Our mandatory retirement age policy calls for the retirement of two valued board members in 2016:
Gary Edwards, our lead director, and Steve Wilkinson, chair of our audit committee. In anticipation of
these retirements, our corporate governance committee and board, assisted by a leading executive
recruiting firm, conducted a lengthy search process. The goal was to identify and recruit new directors
with the skills and background to replace those retiring and enhance the current board to face the future
challenges of an evolving industry. We needed at least one new director with a solid auditing background
and one with experience as a business leader in a company or industry undergoing transformational
change. The committee identified three outstanding candidates: Pat Condon, a retired audit partner at
Deloitte & Touche LLP with experience as an audit committee member on other boards, Karen Puckett,
a former executive at one of the nation’s largest telecommunications companies, and Phil Frederickson,
a former executive at ConocoPhillips who led the merger of Conoco and Phillips a number of years ago.
All three candidates joined our board in 2015.
With these additions and retirements, our board will be balanced in terms of tenure. Half of our non-
employee directors have fewer than five years of experience on our board and half have more than five
years. We are committed to maintaining an effective board structure that includes a lead independent
director appointed by a majority of the independent board members for a three-year term.
14 TIMES
ENTERGY’S
BOARD MET
IN 2015
31% OF OUR BOARD
WAS DIVERSE
IN GENDER OR
ETHNICITY
12 OF OUR 13
DIRECTORS WERE
INDEPENDENT
Our Leadership