Hydrodec's Board of Directors and Management view good corporate governance as key to business success and fundamental to the creation of sustainable value.
Governance is the system and processes by which the Company's owners and their representatives on the Board of Directors ensure that the Company pursues its defined purpose and efficiently allocates resources to that purpose. It is neither a process of compliance nor an additional level of management.
In maximising long-term shareholder value, the Board exercises judgment when carrying out its work in policy-making, monitoring executive action and active consideration of group strategy. While being responsible to shareholders, the Board and the corporate officers recognize that the long-term interests of the Company are advanced when they are responsive to the concerns of communities, customers, employees, public officials, shareholders and suppliers.
Strong corporate governance in Hydrodec is fostered through policies and processes that measure and direct performance within our framework of sustainable performance, ethical behaviours and legal compliance.
To assist in the execution of its responsibilities, the Board has established an Audit Committee, a Remuneration Committee and a Nominations Committee.