Corporate Governance

Committed to the Highest Standards of Corporate Governance and Business Ethics

Guelph Hydro Electric Systems Inc., its Board and its management team are committed to the highest standards of corporate governance and business ethics. The Board, through its Governance and Risk 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 strive, where feasible, to comply with corporate governance rules and guidelines of Canadian securities administrators. We review our corporate governance practices regularly to ensure alignment with the best corporate governance practices. These practices 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.
  • Identifying principal risks and ensuring implementation of appropriate risk management systems
  • Overseeing succession planning, including appointing, training, and monitoring senior management
  • Ensuring the integrity of internal control and management information systems
  • Ensuring Directors are independent from management and free from conflicting interests
  • Implementing a process for evaluating the effectiveness of the Board, its Committees, and the contribution of the individual Directors
  • Approving the Chief Executive Officer's objectives, evaluating his performance, setting his compensation and ensuring such compensation is reasonable and competitive