In December 2015, the NSW Electricity Networks Consortium acquired the Transgrid assets from the NSW State Government by way of a 99-year lease and a Sale and Purchase Agreement.
The current security holders are leading financial and strategic investors with the following stakes in Transgrid:
Our board of directors and executive team establish our corporate governance framework and provide ongoing leadership, direction and advice. They have a wealth of combined experience across the energy industry and other markets.
The Board Safety & Sustainability Committee advises the board on Health, Safety & Environment (HSE) matters and specific Sustainability aspects such as climate change. The Committee is accountable to the Board for its performance. The committee considers specific HSE and Sustainability matters at the board’s request or where the committee itself feels that additional attention will benefit in the governance of HSE and Sustainability risks and/or impacts governance. The committee reports its findings to the board.
The Board Audit and Risk Committee helps the board fulfil its statutory and oversight responsibilities relating to our:
The Board People and Performance Committee supports the board in fulfilling its obligations relating to people matters and non-enterprise agreement remuneration.
The Board Regulation & Stakeholder Engagement Committee provides oversight on our activities in relation to regulatory changes and/or regulatory decisions arising from the National Electricity Law, National Electricity Rules and Regulations or other processes affecting the framework of economic regulation for the business. The committee also assists the board in reviewing and verifying Transgrid’s revenue proposals to the Australian Energy Regulator, and guiding engagement with the regulator and other stakeholders until the regulator’s final determination or the end of an appeal process.
We support and encourage our people to act in the best interests of our colleagues, business partners, shareholders and the broader community.
Our Code of Ethics and Conduct and Guide to Business Ethics outline our commitment to maintaining high ethical standards. We expect our employees, contractors and everyone we do business with to adhere to these standards when working with us.
Our compliance framework encourages the open reporting of concerns about conduct and potential non-compliance. This will allow us to act on issues promptly and learn to prevent re-occurrence.
A third-party operated whistleblower service provides protections and anonymity in reporting. Anyone with reasonable grounds to suspect that Transgrid is not meeting its ethical standards or obligations under law can raise concerns anonymously via this service.
| transgridwhistleblow@deloitte.com.au | |
| TransGrid Reply paid 12628 A'Beckett Street, Victoria 6006 |
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| Online | www.transgridwhistleblow.deloitte.com.au Username: Transgrid Password: Whistleblower (note: password is case-sensitive) |
| Phone | Toll Free - 1800826109 |
In line with our values, we will treat anyone who reports issues, or anyone who is the subject of a report, with respect and dignity.
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The following policies outline our approach and commitments:
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