2023-24 Statement of Corporate Governance Practices
The Committee monitors compliance with the Corporationʼs Code of Business Conduct and Ethics, including waivers of the Code, the Corporationʼs Whistleblower Policy, and the Reporting of Losses Policy. The Committee is charged with planning orientation and education programs to keep Directors informed and current with business, social, environmental and ethical requirements. The Committee had four (4) meetings this fiscal year. Critical work of the Committee included: reviewing and updating customer satisfaction survey results; evaluation of Board of Directors, including review and updating Terms of Reference and workplans to identify responsibilities arising from the Bright Line Mandate; key ESG and Directorsʼ policies; complaints under the Corporationʼs Code of Conduct and Business Ethics and Whistleblower Policy; business/industry training for Directors; conflicts of interest, legal services, Indigenous engagement activities, community investment initiatives and corporate branding strategies; the Corporationʼs environmental management program compliance; the Corporationʼs annual environment initiatives, including the Sustainability Report and framework; Corporate Environmental Risk Management Site Assessments and Remediation Program, which outlines related Corporate environmental impact and liabilities, including decommissioning liabilities; the Corporationʼs emissions management program; and, managementʼs update on corporate system asset integrity and reliability. * Non-independent Board Member Human Resources and Safety Committee Chair: Nola Joorisity (FCPA, FCA, CMA, C.Dir.) Members: Curt Chickoski, Linda Moulin, Doug Shaw The Human Resources and Safety Committee is responsible for and assists the Board in overseeing the employment environment for SaskEnergy, and is responsible for overall human resource, compensation and succession planning strategies and programs. The Committee also has the mandate to address safety matters or safety risks proactively, and assists the Corporation to ensure safety is a priority and critical focus of
the organization. The Committee also sets the CEOʼs performance goals and objectives and conducts a semi-annual assessment of the CEOʼs performance through the Committee Chair and Board Chair. The Committee reports on the CEO evaluations and then reports to the Board on any recommended changes to the CEOʼs compensation. The Committee also makes recommendations to the Board on employee and executive compensation, including metrics and targets to be utilized. It receives direction on its Terms of Reference (both in and out of scope) through communication with CIC. An ad hoc Board Committee can be created to identify and recommend candidates for the CEO position. The Committee oversees that the incumbent fulfills the role set out in the CEO mandate. The Committee had six (6) meetings this fiscal year. Important issues included management and executive compensation plans, succession planning updates, relationship with union, review of health and safety performance indicators, business continuity and emergency response, diversity and inclusion updates, annual work plan status updates, revised Drug and Alcohol policy, key policies reviews, and compliance with legislation updates. Strategic Planning and Reporting One of the Boardʼs principal duties is to provide leadership in setting the long-range strategic direction and approve SaskEnergyʼs Corporate Plan. This comprehensive strategic planning process results in the Boardʼs review and approval of the Corporate Plan and annual operating and capital budgets. In previous years, SaskEnergy utilized a five (5)-year Strategic Plan. SaskEnergy has moved toward a more agile planning process to help achieve its Corporate Vision. The current Corporate Plan always focuses on the ensuing three (3) years, as a living document. As such, this allows SaskEnergy to adjust the plan as the operating environment evolves quickly. The Board of Directors, together with Executive management, identifies and sets long-term goals for SaskEnergy through the corporate planning process.
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