The Captain's Journal

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Government, Regulators and external authorities. This includes decision-makers with a direct or indirect impact on our ability to make decisions and allocate resources Work together to establish respectful and inclusive working environments so our people can perform at their best

This is about investing in our greatest source of strength, our alliances and updating them to better meet the threats of today and tomorrow,” Biden said from the White House in between two monitors showing the other world leaders. “AUKUS — it sounds strange, all these acronyms, but it’s a good one.” Executive Director: Group Chief Financial Officer until 31 March 2023. Mel was also a member of the Executive Leadership Team. With participation - Seek and support the opinions, plans and aspirations of our workforce, communities and stakeholders A new NDA group graduate programme launched in 2022, taking advantage of our group model to collaborate and reach new audiences. Together with Energus and the sector-wide Nuclear Graduates programme, 6,000 people applied for roles and more than 60 graduates will join us soon.Meanwhile governance has enhanced further, aided by the annual Board effectiveness review, which was conducted internally this year. Opportunity areas identified were to focus on fewer and more strategic matters and to continue to build the effective use of Board sub-committees, having implemented Matters Reserved for the Board and clear Terms of Reference for Board sub-committees the previous year. Several incentives are given to sustainability across the NDA group. One of these is the Long-Term Incentive Plan, setting incentivised targets until 2025, as well as incentives associated with being a beacon project. United Nations Sustainable Development Goals

Overseen updates to the NDA’s Counter Fraud, Bribery and Corruption Policy, Strategy, Incident Response Plan and Annual Action Plan IAS 10 requires the NDA to disclose the date on which the accounts are authorised for issue. The Accounting Officer authorised these Financial Statements on 12 September 2023. The Report of the Comptroller and Auditor General was issued on X September 2023. Some companies or organisations could ask you to sign a document agreeing that they will not have a duty to keep your ideas or information confidential. If that is the case, you need to decide whether to risk disclosing your ideas to them. 3. Types of NDAs Skills and resourcing, recruitment and retention, succession planning and project management capability

The main focus of the A&RAC in 2022/23 has been overseeing work to revise the group’s risk appetite profile and changes to the way in which assurance is delivered across the group. The committee has recommended some key policies to the Board for approval, including the Counter Fraud, Bribery and Corruption Policy. The Committee has also overseen work to implement a group-wide approach to Speak Up.

There’s a marked increase in competition for talent in our sector and wider industry, so we’re prioritising efforts to make sure we have the right skills to deliver our mission. This means developing and retaining colleagues, redoubling efforts with our award-winning Leadership Academy, and attracting new people to join us. A full register of members’ interests and the associated procedure for Board members to manage their interests is available at: www.gov.uk/government/ publications/nda-register-of-directors-interests Auditor of the NDA Creating great places to work is critical for attraction and retention. It’s been a focus throughout my time with the NDA and we’re seeing results including Nuclear Transport Solutions launching a career returners scheme and lifting a top diversity trophy at the Northern Power Women Awards. Many parts of the group have also received Disability Confident status, with plans to reach even higher levels of the award. There’s more to do, but we’re committed to ensuring people are respected and included, so they can perform at their best. Trusted to do more As at the date of this report, the NDA Board is comprised of six non-executive Board members, including the Chair, a Senior Non-Executive Member and two executive members: the Group Chief Executive Officer ( CEO) and the Group Chief Financial Officer ( CFO). The Group General Counsel and Company Secretary attends all Board meetings. Despite these challenges, financial risks and opportunities were managed effectively on a portfolio basis, ensuring that the Group remained within the overall funding settlement agreed with UK Government through the Supplementary Estimate process. With the support of the Group Leadership Team and working closely with UK Government, we were able to take risk-based prioritised investment decisions and maximise commercial revenues.We apply high standards of governance, operating under the principles set out in the Government Code of Corporate Governance and government guidance for an arm’s length body and a body corporate. We also aim to draw on best practice as set out in the UK Corporate Governance Code (Code) where appropriate, reporting exceptions to UKGI. We are an executive non-departmental public body, established by the Energy Act 2004 to secure the decommissioning of the UK’s civil nuclear legacy. Since then, our remit has been extended to include the long-term management of all the UK’s radioactive waste by finding appropriate storage and disposal solutions. Accounts direction Ros Rivaz, as Chair of the Board, had a standing invitation to each A&RAC meeting and joined three meetings across the year. Other Board members, senior stakeholders and subject matter experts also joined select meetings throughout the year at the invitation of the A&RAC Chair. Don’t disclose your ideas or information until the recipient has signed and returned the NDA to you. Without an NDA, you are taking the risk that others could use your ideas or information without your permission.