Our Board of Directors are responsible for ensuring that an effective system of Corporate Governance prevails from the highest level within the organisation.
The board answers to two voting shareholders, the NSW Treasurer and the Minister for Finance, who each hold one share on behalf of the NSW Government. This is in line with the State Owned Corporations Act 1989.
Our Board of Directors are responsible for providing effective guidance and direction; independence in decision making; and executive development and succession planning.
The key objectives and functions of TransGrid and the structure and composition of the 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.
The board operates in line with the Board Charter. This charter details the board’s structure and responsibilities and is reviewed every year. The board also has a Code of Conduct which all directors must obey and which is also reviewed once a year.