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Reappointment of the Chair of the Board of Scottish Water

10 January 2019


The Cabinet Secretary for the Environment, Climate Change and Land Reform, Roseanna Cunningham MSP, today announced the reappointment of Dame Susan Rice as Chair of the Board of Scottish Water. Dame Susan Rice

“Our decision to reappoint Dame Susan Rice for a further term is great news for both Scottish Water and its customers.  Dame Susan brings with her unparalleled skills and experience at the very highest level and I have no doubt that she will continue to build on the strong progress being made in delivering a first class public water service in Scotland.”

Reappointment

Dame Susan Rice a Chartered Banker, is inter alia Chair of the Board of Scottish Water, President of the Scottish Council of Development and Industry, Senior Independent Director of J Sainsbury, a Director of C Hoare and Co and the Banking Standards Board.  She also Chairs the Scottish Fiscal Commission and is a Lay Member of Court of Edinburgh University.  She was previously a Non-Executive Director of energy company SSE and the Bank of England as well as Chairman and Chief Executive of Lloyds TSB Scotland plc, then subsequently Managing Director of Lloyds Banking Group, being the first woman to head a UK clearing bank.  Prior to that, she was Senior Vice President at NatWest Bancorp in New York and, earlier in her career, a Dean at Yale and Colgate Universities in America and a published medical researcher.

The reappointment is regulated by the Commissioner for Ethical Standards in Public Life in Scotland.

Length of Term, Remuneration and Time Commitment

The reappointment will be for four years and will run from 1 June 2019 until 31 May 2023.  It attracts remuneration of £764.00 per day for a time commitment of 2½ days per week.

Other Ministerial Appointments

Dame Susan is Chair of the Scottish Fiscal Commission.  The position attracts remuneration of £465.00 per day for a time commitment of 1½ days per week.

Political Activity

All appointments are made on merit and political activity plays no part in the selection process.  However, in accordance with the original Nolan recommendations, there is a requirement for appointees’ political activity within the last five years (if there is any to be declared) to be made public.

Dame Susan has had no political activity within the last five years.

Scottish Water

Scottish Water is a public corporation established by the Water Industry (Scotland) Act 2002.  It is accountable to the Scottish Government for the provision of all public water and sewerage services to more than 2.49 million households and around 152,000 businesses in Scotland.  It is the fourth largest provider of water and sewerage services in the UK, with a workforce of approx. 4,000 and an annual turnover of roughly £1.2 billion.  Its retail subsidiary Business Stream operates in the competitive retail market for non-household customers in Scotland and England.

The Chair work’s with the other Board members in setting a strategy for Scottish Water to discharge its statutory functions and to meet the requirements of the Scottish Government.  This will include ensuring that Scottish Water has a robust strategy for out-performing the requirements of its “regulatory contract”.  With the other non-executive members, they will hold the Executive Board members to account for delivering that strategy, and will in turn account to the Scottish Government for Scottish Water’s performance and compliance with its targets.

The “regulatory contract” comprises the objectives for 2015-21 set for Scottish Water and the financial limits within which those objectives must be achieved.  These objectives were announced in October 2014.  The Water Industry Commission for Scotland, Scottish Water’s independent economic regulator, set the financial limits on 20 November 2014 when it published its determination of water charges for 2015-21.  The Commission will monitor, and report on, Scottish Water’s performance against the contract.