Enbridge Inc. board committees
The Board has five standing committees. Through these committees, the Board oversees identification of the principal risks to the Company and authorizes implementation of the systems for managing those risks.
Audit, Finance and Risk Committee
The Audit, Finance and Risk Committee assists the Board in overseeing:
- the integrity of our financial statements and financial reporting process;
- the integrity of our management information systems, disclosure controls, financial controls and internal audit function;
- our external auditors and ensuring they maintain their independence; and
- our compliance with financial and accounting regulatory requirements and our risk management program.
The Audit, Finance and Risk Committee is responsible for ensuring the committee, our external auditors, our internal auditors and management of Enbridge maintain open communications.
The Audit, Finance and Risk Committee is responsible for financial reporting, internal controls, external auditors, finance and risk management.
Corporate Social Responsibility Committee
The Corporate Social Responsibility Committee is generally responsible for assessing our guidelines, policies, procedures and performance related to corporate social responsibility and reviewing our reporting in this area.
The Corporate Social Responsibility Committee is responsible for reviewing, approving or recommending to the Board the risk guidelines, policies, procedures and practices relating to CSR matters which include:
- human rights;
- public awareness and consultation;
- issues management;
- environmental stewardship;
- external communications;
- government, stakeholder and Aboriginal & Native American relations; and
- community investment.
The Corporate Social Responsibility Committee is also responsible for reviewing and approving both our CSR metrics and benchmarks, as well as our methods of communicating CSR and related policies. It monitors our performance and reporting on CSR matters and receives regular compliance reports from management. It may, depending on the nature of the matter, review the results of investigations into significant incidents to the extent they fall within its mandate; otherwise, this function may be undertaken by another committee such as the Safety & Reliability Committee.
The Corporate Social Responsibility Committee has approved the use of the Global Reporting Initiative (GRI) reporting guidelines for monitoring and reporting our sustainability performance.
Safety and Reliability Committee
The Safety and Reliability Committee is responsible for reviewing, approving or recommending to the Board the risk guidelines, policies, procedures and practices relating to safety and reliability matters which include:
- health & safety;
- pipeline and facility integrity management;
- security (physical, data and cyber);
- emergency response preparedness; and
- other operational risks.
The committee is responsible for the oversight of operational matters to ensure that the company meets the safety and reliability objectives established by the Board.
The Governance Committee focuses on ensuring we have a comprehensive system of stewardship and accountability for directors, management and employees that is in the best interests of Enbridge.
The Governance Committee is responsible for developing our approach to governance, including the division of duties between the Chair of the Board, directors, the President & Chief Executive Officer and management.
It is responsible for:
- recommending matters about overall governance to the Board;
- reviewing the terms of reference for the Board and the Board Committees;
- setting corporate governance guidelines for the Board;
- reviewing management’s compliance reports on corporate governance policies;
- Board composition, education and evaluation; and
- Reviewing and setting directors’ compensation.
Human Resources and Compensation Committee
The Human Resources and Compensation Committee assists the Board by providing oversight and direction on human resources strategy, policies and programs for senior management and our employee base. This includes compensation, pension and benefits as well as talent management, succession planning, workforce recruitment and retention and succession planning. The Human Resources and Compensation Committee oversees the identification of people-related risk and the associated response planning as part of the corporate risk assessment process. In addition, the Human Resources and Compensation Committee is responsible for overseeing the company’s compensation programs from a risk perspective to ensure they do not encourage individuals to take inappropriate or excessive risks that are reasonably likely to have a material adverse impact on the company.
Corporate Governance Principles and Guidelines (Majority voting policy)
A listing of the members of each of the five Committees of the Board of Directors.