‘To be a force for good in the UK digital economy and the global internet community, with the .UK registry at the centre of our work, delivering services that make our world more connected, inclusive and secure.’
Andy Green CBE
Update from October 2021As a public benefit company, our purpose is paramount. When I was appointed in July, I committed to a number of strategic reviews on a number of issues raised by members. I’d like to take this opportunity to share progress on those reviews, and the commitments your Board is making. The work so far is underpinned by a vision and principles that stem from, and reinforce, our public benefit ethos. It’s a work in progress, but I hope the intent is clear - to ensure we play our part as the .UK registry and in the wider world, and to earn the trust of our members.
PUBLIC BENEFIT AT NOMINET
Your Board has committed over the next three years to spending £5m per annum on public benefit activities from our operating surplus and a further £50m from Nominet's financial reserves.
NOMINET’S CYBER SERVICES
Your Board has committed to the Nominet protective DNS (PDNS) service and supports a plan to make the business profitable in FY24.
Your Board will reduce the reserves to c£50m over the next three years.
REGISTRY SERVICES BUSINESS
Your Board will continue with the Registry Services business.
Your Board, led by Remuneration Committee Chair Eva Lindqvist, has published a Remuneration Policy Statement alongside our 2021 Annual Report.
COST EFFICIENCY AND PRICING
Your Board is committed to fair pricing and has frozen the annual wholesale price of a domain until at least 2024.
MEMBER ENGAGEMENT AND TRANSPARENCY
Your Board is committed to sharing information and sharing the rationale for key strategy decisions with members so that they can perform their role in governance. Nominet Community has launched to help with this work.
NON .UK SERVICES
Your Board has decided not to continue with the strategy of building a portfolio of complementary cyber businesses and has therefore started a process to sell CyGlass.
Your Board has adopted the Wates Principles on Corporate Governance.