Merger Statement
The information contained on exeloncorp.com is reflective of Exelon prior to the merger with Constellation. Upon the completion of the merger between Exelon and Constellation, there will be changes in the membership of the Exelon Board of Directors as a result of certain Constellation directors joining the Exelon Board and certain Exelon directors retiring. There will also be changes to the membership of the committees of the Exelon Board to reflect these changes in Board membership.
It is also contemplated that there will be changes to Exelon’s Corporate Governance Principles and the charters of certain of the Board committees. These changes are expected to take place within one month of merger close and the website will be updated at that time to reflect these changes.
Exelon expects our directors to:
- Represent shareholders
- Be loyal to Exelon and avoid actual or apparent conflicts of interest
- Exhibit integrity and adhere to the letter and spirit of Exelon’s Code of Business Conduct
- Prepare for and participate in meetings
- Keep abreast of company, industry and corporate governance developments
- Think and act independently
- Support the deliberative process, share their knowledge and expertise, and bring out the best in other directors
- Contribute to continuous improvement through ongoing evaluation of the board, its committees, members and processes
- Challenge management to commit to the highest attainable goals and hold management to its commitments