Who are the new directors elected to Dominion Energy's Board?

William P. Barr and Robert H. Spilman, Jr. have been elected as new Directors to the Board of Dominion Energy, effective December 18, 2009.

What committees will the new directors serve on?

Mr. William P. Barr has been appointed to the Finance and Risk Oversight Committee, and Mr. Robert H. Spilman, Jr. has been appointed to the Audit Committee.

How will the new directors be compensated?

The new directors will receive compensation in accordance with the Dominion Resources, Inc. Non-Employee Directors Compensation Plan, as amended and restated, and will enter into an Advancement of Expenses agreement.

What is the significance of these appointments for investors?

The addition of new directors, particularly those appointed to key committees like Audit and Finance and Risk Oversight, can signal a commitment to strong corporate governance and enhanced oversight, which are generally viewed positively by investors.

D 8-K: Leadership Changes

Summary

Dominion Energy, Inc. (D) filed an 8-K on December 17, 2009, primarily announcing changes to its Board of Directors. The Board approved the election of William P. Barr and Robert H. Spilman, Jr. as Directors, effective December 18, 2009. This move is part of the company's ongoing governance and oversight activities, bringing new perspectives to the Board's strategic direction and operational supervision.

Key Highlights

1William P. Barr and Robert H. Spilman, Jr. elected as new Directors to the Board.
2Effective date of director appointments is December 18, 2009.
3Both new directors will serve until the next annual election.
4Mr. Barr appointed to the Finance and Risk Oversight Committee.
5Mr. Spilman appointed to the Audit Committee.
6Director compensation will follow the Non-Employee Directors Compensation Plan.
7The filing includes a press release dated December 17, 2009, as an exhibit.

DOMINION ENERGY, INC 8-K Report, Executive Changes (Dec 18, 2009)

Summary

Key Highlights

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