Corporate governance refers to the way Powerlink conducts its business. The Powerlink Board is responsible for our overall corporate governance - including the governance of our subsidiary companies - and sets our strategic direction, policies and operational framework.

Governance Framework

  • A Board Charter which sets out the principles for the operation of the Board and describes the functions and responsibilities of the Board, together with a Board Code of Conduct which defines the expected standard of behaviour of the Board and provides guidance to assist Directors in carrying out their duties and responsibilities.

  • Board Committees to assist the Board. Currently there are two Board Committees: the Audit, Risk and Compliance Committee, and the People, Culture and Remuneration Committee. These committees have documented mandates that are reviewed on a regular basis.

  • Disclosure requirements regarding disclosure and reporting obligations, including those to shareholding Ministers. The Powerlink Annual Report and this website are examples of ways we disclose information.

  • Processes for shareholder communication including quarterly progress reports and the Annual Report.

  • 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.

  • A process for performance evaluation of the Board and its Committees.

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.

Compliance, Risk and Audit Committee

The Committee assesses and reports on issues relating to audit effectiveness. The Committee endorses Powerlink's internal audit program and list management profile.

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. The Committee also assists the Board in the oversight of financial integrity and legal compliance.

People, Culture and Remuneration Committee

The People, Culture and Remuneration Committee is a committee of the Board of Directors of Powerlink Queensland established to assist the Board in fulfilling its employer responsibilities, providing governance of key organisational people and culture matters, and developing “fit for purpose” organisational policies that support Powerlink’s strategic direction and the development of an appropriate organisational culture. This is to be achieved by reviewing and reporting to the Board on policy and its application relating to work, health and safety, organisational design, employee remuneration and performance and employee relations.