Governance
As a privately-owned company, ElectraNet operates under the governance of the ElectraNet Board of Directors – which includes nine Directors representing the shareholding companies, as well as ElectraNet’s Chief Executive Officer.
Four internal sub-committees of the ElectraNet Board, and their associated charters, have been established to provide guidance and advice to the Directors:
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Audit and Compliance Committee
Assists the Board to fulfil its corporate governance responsibilities such as financial integrity; compliance with laws, regulations and codes of conduct; business risk management; and audit effectiveness.
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Remuneration Committee
Assists the Board to develop policies for employee remuneration to help attract and retain a dynamic workforce within ElectraNet.
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Treasury Committee
Develops guidelines and strategies to manage treasury risks such as liquidity, interest rates, foreign exchange, commodity pricing, and credit.
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Business Plan Committee
Assists the ElectraNet Board to fulfil its responsibilities in relation to strategic and annual business planning.