Board Charter
The basic responsibility of the Board is to act in the best interests of the corporation and its shareholders. This includes:
- Setting the corporation’s values and standards of conduct and ensuring that these are adhered to.
- Providing leadership for the corporation within a framework of prudent and effective controls.
- Setting the corporation’s direction, strategies and objectives.
- Monitoring management’s performance and implementation of strategy.
- Ensuring an effective system of corporate governance exists.
Board Code of Conduct
The Board Code of Conduct defines the expected standard of behaviour of Directors. Under the Code, a Director:
- Must act honestly and with integrity.
- Must not allow personal interests, or the interests of any associated person, to conflict with the interests of Powerlink.
- Is required to protect and hold confidential all non-public information.
- Must act for a proper purpose and in the best interest of Powerlink as a whole.
- Must deal fairly and impartially with the corporation’s employees, customers, suppliers, competitors and other key stakeholders.
- Must not make improper use of information acquired as a Director.
- Should not engage in conduct likely to bring discredit or damage the reputation of Powerlink.
- Must comply with the law and with the principles of this Code.
Read the full Board Code of Conduct
Board Committees
Audit, Risk and Compliance Committee
The Audit, Risk and Compliance Committee supports the Powerlink Queensland Board in fulfilling responsibilities in relation to the integrity of the financial reporting processes (including climate related financial reporting), effectiveness of internal controls, reporting on issues relating to audit effectiveness and legal compliance.
The Committee endorses Powerlink's internal audit program and risk management profile and provides a link between our auditors (internal and external) and the Board.
The Committee meets with, and receives reports from both the internal and external auditors.
Read the full Audit, Risk and Compliance Committee Terms of Reference
People, Safety and Environment Committee
The People, Safety and Environment Committee supports the Powerlink Queensland Board in fulfilling its governance responsibilities in relation to people, health and safety (which includes both personal and process safety) and the environment (including climate change and emissions).
This is to be achieved by reviewing and reporting to the Board on the People policy and Health, Safety and Environment policy and its application relating to organisational strategies, obligations, performance and culture.
Read the full Powerlink People, Safety and Environment Committee Terms of Reference
Mega Projects (and CopperString) Committee
The Mega Projects (and CopperString) Committee assists the Board in fulfilling its oversight responsibilities in the delivery of significant infrastructure projects, including the CopperString project.
The Committee has been established to review and report to the Board in relation to the delivery of the program of transmission infrastructure Mega Projects associated with the transition of the power system and achievement of Queensland Government energy policies.
The Committee is responsible for monitoring Powerlink's capacity and capability to deliver Mega Projects, including investment planning, governance, social performance and supply chain management. It oversees investment planning, governance, and endorses capital investment recommendations, while also monitoring project progress.
Read the full Powerlink Mega Projects (and CopperString) Committee Terms of Reference
Disclosure requirements
The Powerlink Annual Report and this website are examples of ways we disclose information.
RISK MANAGEMENT AND INTERNAL CONTROL
The Board determines Powerlink’s risk profile and is responsible for overseeing and approving our risk management policies, internal compliance and controls.
PROCESSES
Shareholder communication including quarterly progress reports and the Annual Report.
Performance evaluation of the Board and its Committees.