Board of Directors

SaskPower's Board of Directors is responsible for setting direction, monitoring and reporting achievement, and analyzing, evaluating and taking corrective action for the corporation. The board is responsible for the stewardship of the corporation in general terms. In meeting this responsibility, the board works with management to develop and approve the corporation's strategic plan, operating goals, annual budget and business plans. It participates in identifying business risk and overseeing the implementation of appropriate systems to achieve a balance between the risks incurred and potential returns.

SaskPower's Board of Directors is appointed by the Lieutenant Governor in Council pursuant to The Power Corporation Act. The board consists of nine external directors and a corporate secretary.

To review the complete terms of reference for the board and its directors, please open the documents below.

Board of Directors - Terms of Reference

Terms of Reference for a Director

Board Chair

The chair provides leadership to the board, overseeing all aspects of the board’s direction and administration.  It is the chair’s responsibility to ensure that the board is sufficiently independent from management, while facilitating effective communication between directors and management.  The chair is also mandated to work with the CEO in representing the corporation to its shareholder and other stakeholders, acting as a spokesperson for the corporation, as required.

To review the complete terms of reference for the Board Chair, please open the document below.

Board Chair - Terms of Reference

Committee Chair

The chair of a committee is responsible for ensuring that the committee fulfils its mandate, overseeing all aspects of the committee’s direction and administration in fulfilling its Terms of Reference.  Serving as the committee’s primary communication link with the board, the committee chair is responsible for reporting to the board the results of committee meetings as well as any issues that arise from the work of the committee.

To review the complete terms of reference for the Committee Chair, please open the document below.

Committee Chair - Terms of Reference

CIC Corporary Secretary

The CIC Corporate Secretary is an employee of the Crown Investments Corporation of Saskatchewan (CIC) appointed by CIC to serve in the capacity of corporate secretary to the SaskPower board and its committees.  As such, this person reports directly to the CIC Corporate Secretariat as well as to the SaskPower Board Chair.

The CIC Corporate Secretary serves as an information and communications link between the board, the shareholder, and SaskPower management, providing comprehensive secretarial and governance advisory services to the board, committees, and directors.  This person is responsible for providing expertise to the Board Chair regarding best practices in corporate governance and providing guidance to directors and SaskPower management regarding CIC policies, directives, and processes.

To review the complete terms of reference for the CIC Corporate Secretary, please open the document below.

CIC Corporate Secretary - Terms of Reference

The board has four standing committees to assist in discharging specific areas of board responsibility:

• Audit and Finance Committee

The Audit and Finance Committee’s terms of reference mandate the committee to assist the board in meeting its responsibilities with respect to financial reporting, internal controls and accountability. The committee oversees the risk management reporting of the corporation and directly interacts with the internal and external auditors. The committee ensures that the board is provided with financial plans, proposals and information that are consistent with the corporation’s overall strategic plan and public policy objectives.

To review the complete terms of reference for the committee, please open the document below.

Audit and Finance Committee - Terms of Reference

• Governance Committee

The Governance Committee is responsible for the development, review and effectiveness of SaskPower’s corporate governance practices. Its duties include monitoring and evaluating board and individual director performance and the effectiveness of the board committee structure.

To review the complete terms of reference for the committee, please open the document below.

Governance Committee - Terms of Reference

• Environment, Occupational Health and Safety Committee

The Environment, Occupational Health and Safety Committee is charged with ensuring that the corporation proactively addresses safety, health and environmental issues and is in compliance with regulatory and statutory requirements.

To review the complete terms of reference for the committee, please open the document below.

Environment, Occupational Health and Safety Committee - Terms of Reference

• Human Resources/Compensation Committee

The Human Resources/Compensation Committee is charged with overseeing SaskPower’s human resource strategies, programs and practices.

To review the complete terms of reference for the committee, please open the document below.

Human Resources/Compensation Committee - Terms of Reference