TransGrid’s Board of Directors is responsible for ensuring that an effective system of Corporate Governance prevails from the highest level within the organisation.
The Board is accountable to two voting shareholders, being the New South Wales Treasurer and the Minister for Finance, who each hold one share for and on behalf of the New South Wales Government in accordance with the State Owned Corporations Act 1989.
TransGrid’s Board of Directors is responsible for providing effective guidance and direction; independence in decision making; and executive development and succession planning.
The principal objectives and functions of TransGrid and the structure and composition of the TransGrid Board are laid out in the Energy Services Corporations Act 1995 No. 95; the State Owned Corporations Act 1989 No. 134 and TransGrid’s Constitution.
TransGrid’s Board operates in accordance with the Board Charter. This charter details the Board’s structure and responsibilities and is reviewed on an annual basis. In addition the Board has a Code of Conduct to which all directors must adhere and which is also reviewed on an annual basis.