Governance
TransAlta’s Board of Directors is responsible for the overall stewardship of the company. It is comprised of 11 individuals. The Board has developed sound corporate governance policies and procedures, which are continually monitored and reviewed and are in accordance with Canadian Securities laws and regulations and those of the stock exchanges on which the company’s shares are traded.
The Board’s committees help ensure oversight of sustainability initiatives and performance of the company. They include:
- Audit and Risk Committee
- Human Resources Committee
- Governance and Environment Committee
TransAlta establishes sustainability goals each year, audits performance, and makes staff aware of company commitments. Management also sets standards, reviews best practices, benchmarks performance and shares responsibility for achieving these goals with all employees.
A Corporate Code of Conduct is in place to provide guidance for all business. It is reviewed and signed by all employees each year. Additionally, a Directors’ Code of Conduct is in place for all Board members to guide their actions.
TransAlta also has a confidential Ethics Hotline, designed to help address employee concerns about vendor relationships, possible conflicts of interest and the proper use of company resources.
