User account menu Home About Us Governance Committees of the Board Mega Menu Sidebar OVERVIEW GOVERNANCE STRUCTURE KEY GOVERNANCE AND CONTROL COMMITTEES OF THE BOARD APPOINTMENTS TO THE BOARD HYDRO OTTAWA HOLDING INC. BOARD OF DIRECTORS HYDRO OTTAWA LIMITED BOARD OF DIRECTORS EXECUTIVE MANAGEMENT TEAM Committees of the Board The following committees were created to help the Boards of Directors carry out their duties. The committees meet regularly and provide feedback on their discussions to their respective Boards. Hydro Ottawa Holding Inc. Audit The Audit Committee reviews financial statements, accounting practices and policies, auditing processes and the results of internal and external audits and related matters. It also oversees financial risk management and assesses internal controls. In 2009, the committee was consolidated with the Audit Committee of Hydro Ottawa Limited to improve the efficiency of committee oversight. Its membership also includes representatives of the Board of Directors of Hydro Ottawa Limited. Governance and Management Resources The Governance and Management Resources Committee reviews the Corporation’s governance structures and practices to ensure that the Board of Directors can fulfill its mandate. It reviews management resources and compensation practices to ensure systems are in place to attract, retain and motivate qualified management employees. It also reviews and assesses the performance of the President and Chief Executive Officer, oversees the Board Assessment process, and monitors compliance with codes of conduct. Its membership also includes representatives of the Board of Directors of Hydro Ottawa Limited. Investment Review The Investment Review Committee, created by the Board of Directors effective April 2010, is responsible for assisting management and the Board of Directors in the review and pursuit of business development, acquisition and investment opportunities. In carrying out these functions, the Committee focuses on the consistency of opportunities with strategic plans and investment guidelines, the maximization of shareholder value and the management of risk. Nominating The Nominating Committee, with the assistance of outside consultants, identifies and evaluates potential candidates for appointment as Directors. The Nominating Committee makes recommendations to the shareholder (represented by Ottawa City Council) for the appointment of directors. Strategic Initiatives Oversight The Strategic Initiatives Oversight Committee, created by the Board of Directors effective November 2013, is responsible for assisting the Board of Directors in guiding management and providing support and focus for large-scale capital project efforts as identified by the Board from time to time. WAS THIS PAGE USEFUL CONTAINER Was this page useful? Yes No Hydro Ottawa 2711 Hunt Club Road, PO Box 8700 Ottawa, ON K1G 3S4 Phone: (613) 738 6400 Fax: (613) 738 6403 MyAccount 🡥 Outage Centre How to Pay Your Bill Contact Us Stay Connected © 2021 Hydro Ottawa Limited Glossary Terms of Use Privacy Policy