As Canada’s largest investor-owned power producer and wholesale marketer – and the provider of an essential service – we’re accountable to a large and diverse group of stakeholders. That includes shareholders and those impacted by our operations, not to mention millions who depend on us for their electrical power. Established and well-respected governance practices help us manage these responsibilities. It’s the duty of our Board of Directors to ensure these practices are followed. Each Board member is fully engaged in establishing strategy and understanding risk. As a group, they have the skills and experience necessary to proactively coach and challenge senior management in all areas of our operation. Further, our approach to good governance and the practices that support them are clearly and publicly stated. You will find this information on the pages within this section.
Compliance with New York Stock Exchange Standards
Committees of the Board of Directors
TransAlta has four standing committees composed entirely of independent directors:
|Name of Committee||Members|
|Audit, Finance and Risk Committee||Bev Park (Chair), Robert Flexon, Alan Fohrer, Bryan Pinney|
|Governance, Safety, and Sustainability Committee||Rona Ambrose (Chair), Sandy Sharman, Yakout Mansour, Georgia Nelson|
|Human Resources Committee||Bryan Pinney (Chair), Rona Ambrose, Alan Fohrer, Sandy Sharman, Bev Park|
|Investment Performance Committee||Robert Flexon (Chair), Georgia Nelson, Harry Goldgut, Richard Legault, Yakout Mansour|
The Board has delegated certain responsibilities to each of these committees and has instructed each of them to perform certain advisory functions, to make recommendations and to report to the Board. Committee members are appointed annually, following the Annual Meeting of Shareholders, on the recommendation of the Governance, Safety and Sustainability Committee.