About our Board committees
From time to time the Board appoints standing committees to deal with specific matters. Committees generally meet quarterly in conjunction with Board meetings. The committee chair reports at each Board meeting and when necessary takes forward recommendations for approval.
The following table lists BC Hydro's Board members and the standing committees to which they belong as of May 24, 2013:
* Chair of Committee
1 Appointed Board Chair on November 2, 2012 and serves as an ex-officio member of all committees in the capacity as Board Chair.
2 Appointed January 17, 2013.
The Audit and Finance Committee assists the Board in fulfilling its obligations and oversight responsibilities relating to the audit process, financial reporting, the system of corporate controls, governance of the Corporation's pension plans, and various facets of risk management.
- Terms of Reference for Audit and Finance Committee [PDF, 190 KB]
The Capital Projects Committee assists the Board of Directors in fulfilling its obligations and oversight responsibilities relating to the Corporation's long-term capital plans, capital budgets and capital projects, including risk identification and management, dam safety, aboriginal relations and negotiations, and transmission projects.
- Terms of Reference for Capital Projects Committee [PDF, 119 KB]
The Conservation and Climate Action Committee assists the Board by monitoring and directing the environmental performance of the Corporation and monitoring and supporting the implementation of an energy conservation strategy as described in the BC Energy Plan. The Committee also provides guidance and direction to management and makes recommendations to the Board regarding initiatives and programs related to meeting the Corporation's environmental goals.
The Corporate Governance Committee assists the Board by ensuring that BC Hydro develops and implements an effective approach to corporate governance which enables the business and affairs of the Corporation to be carried out, directed and managed with the objective of enhancing shareholder value.
- Terms of Reference for Corporate Governance Committee [PDF, 114 KB]
The Energy Planning and Procurement Committee assists the Board by providing advice and direction with respect to both its strategic direction relating to export strategy, economic development and energy procurement activities and its execution of related initiatives. The Committee also provides advice and support to the Board Chair in dealings with government pertaining to these issues. In all cases, the Committee is guided by the requirements of the Clean Energy Act, BC Hydro's Service Plan and the Shareholder's Letter of Expectation.
The Executive Committee only meets in special circumstances. It has the full powers of the Board to act in situations when, for timing reasons, a Board meeting cannot be scheduled.
- Terms of Reference for Executive Committee [PDF, 42 KB]
The Human Resources and Safety Committee assists the Board in fulfilling its obligations relating to human resources and compensation issues, related specifically to senior management and generally to the Corporation. The Committee also monitors safety performance.
The Board appoints Advisory Committees from time to time.
Peace River/Williston Reservoir
The Peace River/Williston Reservoir Advisory Committee provides advice and facilitates two-way communication between the Peace/Williston community and BC Hydro. Committee membership is composed of community leaders providing equitable representation from geographical and special interest groups within the region. Committee members, including the Chair, are appointed by the BC Hydro Board.
Community members receive an honorarium of $175 for each meeting attended. Reasonable travel expenses are reimbursed upon receipt of a completed expense claim form with supporting receipts.
As the need arises, the Board appoints ad hoc task groups to deal with specific issues. Once a task group has completed its work and makes its report or recommendation to the Board of Directors, it is disbanded.
The Board currently has two Task Groups – one providing advice and direction on the John Hart Generating Station Replacement Project and the other on Site C Clean Energy Project. Membership on these Task Groups are as set out in their respective Terms of Reference.