On December 14, 2021, SSE’s chief executive Alistair Phillips-Davies has insisted breaking up the Company would not benefit it after an activist investor published an open letter criticizing its corporate governance. Elliot has called for major changes it considers could boost the energy Company’s valuation by as much as 30 per cent including spinning off its renewables division and appointing two new independent board directors with renewables experience. The Company is reportedly valued at £17 billion at the moment with shares said to be trading at around £16.30 a share but Elliot reckons it could be worth £22b with shares trading at around £21. The Company has said previously it considered spinning off its renewables division but decided it would be better able to grow as a business staying united and separating would incur disruption and extra costs. The Company Separation would jeopardize the Company ability to finance and deliver the major infrastructure the UK needs to create jobs and to achieve net zero and would lose shared skills that benefit the group.