Objectivies
The Issues Management Committee shall provide
assistance to the Board of Directors and Management in ensuring that the
Corporation consistently provides clear and considered information, to
stakeholders, on the Corporations key strategic issues as they exist
from time to time.
The role and responsibilities of the Issues
Management Committee is set by the Board of Directors and this Charter
should be read in conjunction with the Board of Directors Charter.
Tenure
The Committee will operate for a period determined by the Board Chairman.
Authority
The Issues Management Committee has delegated authority from the Board of Directors to:
- Ensure that Management has prepared a detailed Issues Management Plan to efficiently address the key risks of,
- water security,
- peaking generation development,
- base load generation development, and
- renewable generation development.
- Obtain external professional issues management consulting services as required, and
- Require reports from Management and any external issues management consultants,
Membership
The
Board appoints the members of the Committee, which will be comprised of
at least two non-executive Directors each of whom must have sufficient
skills and experience to be able to contribute to the efficient
operation of the Committee.
The Chairman of the Board, will nominate the Chairman of the Committee.
The Company Secretary will provide secretarial services to the Committee.
Meetings
Frequency
The
Issues Management Committee is expected to meet at least four times
throughout any year. Meetings are timed to allow consideration and
review of actions to be taken to manage the identified key strategic
risks of the Corporation.
The agenda for meetings of the
Committee will be developed to ensure that the Committee meets its
obligations as set out in this Charter.
Attendance
Directors
who are not members of the Committee may attend all meetings of the
Committee. Any external issues management consultants appointed by
Management may attend meetings of the Committee by invitation.
The Chief Executive and any other person requested by the Committee Chairman will attend Committee meetings.
Quorum
A quorum of any meeting will be two members of the Committee.
Reporting
The
Company Secretary will be responsible for the preparation of notice of
meetings, agendas, papers and minutes for each meeting.
Notice of
meetings, agenda and papers will be circulated to all Committee members
and any other person directed by the Committee Chairman, in a
reasonable time prior to each meeting.
The minutes of each
meeting must be approved and signed by the Committee Chairman. All
minutes must be copied to members of the Committee and tabled at the
Board meeting following the Board Issues Management Committee meeting
for the information of all Directors.
Roles and Responsibilities
The
Committee will provide guidance and assistance to Management in their
efforts to positively influence stakeholders to meet the strategic
objectives of the Corporation.
Performance Assessments
The Committee is responsible to the Board for ensuring an annual performance assessment of the Committees operations.
Review of Charter
The
Committee is responsible for ensuring the Committees Charter is
reviewed on an annual basis and where required, make recommendations to
the Board of Directors for changes.
