Chair's Update

Our Vision

‘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

As 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.

View the full chair statement

Board Commitments

PUBLIC BENEFIT AT NOMINET

Your Board is 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 is committed to the Nominet protective DNS (PDNS) service and supports a plan to make the business profitable in FY24.

RESERVES

Your Board intends to reduce the reserves to c£50m over the next three years.

REGISTRY SERVICES BUSINESS

Your Board intends to continue with the Registry Services business.

REMUNERATION POLICY

Your Board, led by Remuneration Committee Chair Eva Lindqvist, will publish a Remuneration Policy Statement and Report annually.

COST EFFICIENCY AND PRICING

Your Board is committed to fair pricing and will freeze 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.

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.

GOVERNANCE

Your Board intends to adopt the Wates Principles on Corporate Governance.

Our Mission

‘To provide a world class .UK namespace that the UK can rely on; operate critical national infrastructure that is safe, secure and resilient; and protect public services from cyber threat.’

Chair Reviews Update