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Corporate Governance

Alignment with Corporate Governance Guidelines

Guelph Hydro Electric Systems Inc., its Board and its management are committed to the highest standards of corporate governance and business ethics. The Board, through its Governance Committee, continually evaluates and enhances the Corporation's governance and business practices through a process of self-evaluation and continuous improvement.

The Corporation fully complies with the applicable requirements concerning corporate governance. While we are not a publicly traded company, we target compliance with the corporate governance rules of Canadian securities regulators. Each year, our corporate governance practices are reviewed to ensure alignment with the relevant Corporate Governance rules. These rules include, but are not limited to:

  • Overseeing the operation of the business and exercising oversight duties on behalf of the Shareholder, Guelph Municipal Holdings Inc.
  • Identification of principal risks and ensuring implementation of appropriate risk management systems
  • Succession planning, including appointing, training, and monitoring senior management
  • Integrity of internal control and management information systems
  • Majority of Directors are independent from management and free from conflicting interest
  • Implementing a process for assessing the effectiveness of the Board, its Committees, and the contribution of the individual Directors
  • Approving the Chief Executive Officer's and Chief Operating Officer's objectives
  • Adopt structures and procedures to ensure that the Board can function independently of management

 

 

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