South East Water Corporation Service Delivery Committee Charter

Similar documents
Audit and Risk Management Committee Charter

Hotel Property Investments Limited. Responsible Entity Compliance Committee Charter

BOARD RISK COMMITTEE CHARTER. Current at April 2015

Terms of Reference for the Audit Committee of British Business Bank plc

RISK OVERSIGHT COMMITTEE CHARTER

AUDIT, COMPLIANCE & RISK MANAGEMENT COMMITTEE CHARTER

Audit and Risk Committee Charter

The Bank of East Asia, Limited (Incorporated in Hong Kong with limited liability in 1918) (Stock Code: 23)

Terms of Reference Risk Committee. Prepared by: Company Secretary Version Date: 16/03/2017

GROUP AUDIT AND RISK COMMITTEE CHARTER 1. CONSTITUTION AND COMPOSITION 2. PURPOSE AND OBJECTIVES

The Bank of East Asia, Limited (Incorporated in Hong Kong with limited liability in 1918) (Stock Code: 23)

Merafe Resources Limited

The Bank of East Asia, Limited 東亞銀行有限公司 (Incorporated in Hong Kong with limited liability in 1918) (Stock Code: 23)

APN Funds Management Limited Board Charter August 2017

Air Partner plc (the Company ) Terms of reference for the Audit and Risk Committee (the Committee )

The Bank of East Asia, Limited (Incorporated in Hong Kong with limited liability in 1918) (Stock Code: 23)

Board Audit Committee Charter

ROYAL AUSTRALASIAN COLLEGE OF SURGEONS Division Resources Ref. No. RES-MGT-007

Audit and Risk Management Committee Charter

Audit Committee Charter. Fly Leasing Limited

Risk Committee Charter. Bank of Queensland

HICL Audit Committee Terms of Reference

AUDIT AND FINANCE COMMITTEE CHARTER

Board Risk & Compliance Committee Charter

AUDIT AND FINANCE COMMITTEE TERMS OF REFERENCE

AIA Group Limited. Terms of Reference for the Board Risk Committee

ICSA Guidance on Terms of Reference Remuneration Committee

The Royal London Mutual Insurance Society Limited With Profits Committee (the Committee ) Corinne McKinnon. Approved on 14 December 2016

SIME DARBY PROPERTY BERHAD RISK MANAGEMENT COMMITTEE TERMS OF REFERENCE. ( Adopted on 12 July 2017 )

SHAW COMMUNICATIONS INC. AUDIT COMMITTEE CHARTER

INVESTMENT COMMITTEE CHARTER

AUDIT & RISK COMMITTEE CHARTER

Audit and Risk Management Committee Terms of Reference

Corporate Governance Requirements for Investment Firms and Market Operators 2018

Charter: Audit Committee POINT CAPITAL, INC.

3. Review and Report At least annually, the Committee must review and report to the Board on:

HSBC HOLDINGS PLC NOMINATION & CORPORATE GOVERNANCE COMMITTEE. Terms of Reference

LUEN THAI HOLDINGS LIMITED

NHS SOUTH LINCOLNSHIRE CLINICAL COMMISSIONING GROUP AUDIT & RISK COMMITTEE TERMS OF REFERENCE

Virgin Money Holdings (UK) plc (the Company ) Balance Sheet Committee Terms of Reference

Audit & Risk Committee Charter August 18, 2011

Terms of Reference of the Audit Committee. 2.1 The Committee shall consist of a Chairman and not fewer than two other members.

Leeds Building Society Audit Committee Terms of Reference

AMERICAN INTERNATIONAL GROUP, INC. AUDIT COMMITTEE CHARTER (Effective May 16, 2012)

ensure there is an effective internal audit function established by management, which provides appropriate independent assurance to the Committee;

CBA Board Audit Committee Charter

BOARD AUDIT RISK and COMPLIANCE COMMITTEE CHARTER

CIT Group Inc. Charter of the Compensation Committee of the Board of Directors. Adopted by the Board of Directors October 16, 2013

Network Rail Limited (the Company ) Terms of Reference. for. The Audit and Risk Committee of the Board

BBC PENSION SCHEME BENEFITS COMMITTEE. Terms of Reference Agreed by the Board of BBC Pension Trust Ltd on 1 April 2009

AUDIT, FINANCE & RISK COMMITTEE MANDATE

not have participated in the preparation of the Company s or any of its subsidiaries financial statements at any time during the past three years;

Sempra Energy. Audit Committee Charter

Zebra Technologies Corporation Audit Committee Charter (November 3, 2017)

NB Private Equity Partners Limited. Audit Committee Terms of Reference

ANZ Board Charter. 1.2 ANZ places great importance on the values of honesty, integrity, quality and trust.

SRI LANKA RELATED SERVICES PRACTICE STATEMENT 4750

Terms of reference for the remuneration committee

THE CO-OPERATIVE BANK PLC RISK COMMITTEE. Terms of Reference

British Friendly Society. Audit and Compliance Sub-Committee. Terms of Reference

Risk Review Committee Charter

Virgin Money Holdings (UK) plc (the Company ) Board Risk Committee Terms of Reference

CHARTER OF THE FINANCE COMMITTEE NATIONWIDE MUTUAL INSURANCE COMPANY NATIONWIDE MUTUAL FIRE INSURANCE COMPANY NATIONWIDE CORPORATION

CHARTER OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS OF NGL ENERGY HOLDINGS LLC. Adopted as of May 10, 2011 Revisions through August 1, 2017

CORPORATE GOVERNANCE CODE FOR CREDIT INSTITUTIONS AND INSURANCE UNDERTAKINGS

UNITEDHEALTH GROUP BOARD OF DIRECTORS AUDIT COMMITTEE CHARTER (November 8, 2016)

TERMS OF REFERENCE OF THE BOARD OF DIRECTORS BANK ISLAM MALAYSIA BERHAD ( Bank Islam or the Bank )

TERMS OF REFERENCE FOR AUDIT, COMPLIANCE AND CORPORATE RISK MANAGEMENT COMMITTEE

GREAT ORMOND STREET HOSPITAL FOR CHILDREN NHS FOUNDATION TRUST AUDIT COMMITTEE TERMS OF REFERENCE

STAGE STORES, INC. AUDIT COMMITTEE CHARTER

FINANCE AND TREASURY COMMITTEE TERMS OF REFERENCE

Corporate Governance Code for Credit Institutions and Insurance Undertakings 2013

Consultation Paper 53: Corporate Governance Code for captive Insurance and captive Reinsurance Undertakings

Terms of Reference Investment Committee

Risk Review Committee

TERMS OF REFERENCE FOR THE BOARD OF DIRECTORS

Network Rail Limited (the Company ) Terms of Reference. for. The Audit and Risk Committee of the Board

JOHN BEAN TECHNOLOGIES CORPORATION CHARTER OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS

The principal purposes of the Audit Committee (Committee) of the Board of Directors (Board) of Vistra Energy Corp.

Audit & Pension Investment Committee Mandate VIA Rail Canada Inc.

AUDIT COMMITTEE CHARTER

AIA Group Limited. Terms of Reference for the Board Risk Committee

AUDIT COMMITTEE CHARTER

SCHNEIDER NATIONAL, INC. AUDIT COMMITTEE OF THE BOARD OF DIRECTORS CHARTER

SANDRIDGE ENERGY, INC. CHARTER OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. (As adopted on October 5, 2016)

AMERICAN INTERNATIONAL GROUP, INC. CORPORATE GOVERNANCE GUIDELINES (Effective March 14, 2012)

ACCENTURE PLC AUDIT COMMITTEE CHARTER

MJ GLEESON PLC Company No:

PDC ENERGY, INC. AUDIT COMMITTEE CHARTER. Amended and Restated September 18, 2015

FANNIE MAE CORPORATE GOVERNANCE GUIDELINES

June The annexure includes a key to where our corporate governance disclosures can be located.

BOARD OF DIRECTORS OF IPB INSURANCE

1. Purpose. 2. Membership and Organizations. Canadian Imperial Bank of Commerce Audit Committee Mandate

BANKUNITED, INC. CHARTER OF THE RISK COMMITTEE

CHARTER AUDIT COMMITTEE OF THE BOARD OF MANAGERS DORCHESTER MINERALS, L.P.

HICL Audit Committee Terms of Reference

Risk Oversight Committee Charter

TERMS OF REFERENCE FOR THE PRUDENTIAL REGULATION COMMITTEE

Audit and Finance Committee Mandate VIA Rail Canada Inc.

OSK Holdings Berhad ( U) 21 February 2017

Transcription:

South East Water Corporation Service Delivery Committee Charter Created: October 2012 Document number: BS 2360 Reviewed: November 2015

1. Purpose The South East Water Corporation Board's Service Delivery Committee (the SD Committee) will assist the board in discharging its duties regarding the Corporation s responsibility to ensure that appropriate strategies and plans for the delivery of services to customers and other stakeholders are in place, and that performance of these services are effective and efficient. The SD Committee will review, monitor and, where necessary, recommend to the board for approval: The development of plans and master plans for the delivery of services to the Corporation s customers and stakeholders; Asset strategy and proposals for plans and master plans and associated program level expenditure budgets; and Annual capital, operations and maintenance budgets consistent with approved plans. 2. Responsibilities Service delivery functions The responsibilities of the SD Committee fall into several categories. The committee will discharge its responsibilities under each of these categories as follows: Service delivery reporting (i) (ii) (iii) (iv) Provide comment on the format and content of regular reports; Request management to undertake investigation and report on material variations from targets; Review post implementation reports on projects previously approved by the board; and Recommend as necessary to the board for approval or noting acceptance of performance reports. Infrastructure (v) (vi) Review and recommend to the board for approval asset related programs, master plans and project business cases including IT projects; and Review the ongoing content and performance requirements (principally costs, quality, asset capacity and condition and effectiveness) of current delivery vehicles in the delivery of services with respect to the plans and master plans and strategic KPIs of the organisation. 2

Asset creation (vii) (viii) Review the ongoing content and performance (principally costs, quality and effectiveness) of the Corporation s capital delivery programs, including the design and construction of South East Water built infrastructure assets, developer works and customer connection of new developer built assets; and Review the performance of current delivery vehicles in the delivery of services and execution of programs and major projects for the Corporation, as well as from time to time look at alternative delivery vehicles and contractual arrangements. Network services (ix) (x) Review the ongoing content and performance (principally costs, quality and effectiveness) of the operations and maintenance functions of the Corporation at regular intervals, including the operation and maintenance of South East Water s sewage and recycled treatment plants and water and sewerage supply systems; and Review the performance of current delivery vehicles in the delivery of services in the execution of operations and maintenance functions for the Corporation, as well as from time to time look at alternative delivery vehicles and contractual arrangements. Risk management The SD Committee will: (i) Review key risks and report on: Service delivery related risks contained in the corporate risk register; Major project risk; and Robustness and adequacy of the Corporation s delivery vehicles. (ii) Recommend for consideration by the Finance Assurance and Risk Management Committee, matters arising from the plans and performance reports that are considered by the committee to have a potential impact on any aspect of the risk status of the Corporation. 3. Membership Membership of and attendance at meetings of the SD Committee: A minimum membership will be two (2) independent non executive directors, the board chairman and the managing director; The term of appointment of the two (2) independent non executive directors will be for a period of two (2) years or such period determined by the board and these directors are eligible for re appointment subject to the composition and skill requirements for the committee; 3

(d) (e) (f) (g) (h) Each member should have skills and experience appropriate to the Corporation s business; Each member must understand the technical operations of the business with at least one member having an engineering or related qualification and experience and be allowed to explore relevant skills development opportunities when they occur; The Board of Directors will be responsible for appointment of the committee members and the secretary of the committee. Unless the board resolves otherwise the secretary will be the corporate secretary; The chairman of the committee will be appointed by, and be other than, the board chairman; Other attendees at committee meetings will, subject to the discretion of the committee, ordinarily comprise the general manager infrastructure, the general manager asset creation, the general manager network services and the corporate secretary; and The composition of the committee will be reviewed at least every two (2) years or such period determined by the board. 4. Authority The board authorises the SD Committee, within the scope of its responsibilities, to: Obtain any information it requires from management and employees or external parties; Obtain expert advice, where necessary, following consultation with the board chairman; and Ensure the attendance of the Corporation s officers at meetings as appropriate. 5. Independence The SD Committee has no executive powers in relation to the operations of the Corporation. It functions in an oversight and review role on behalf of the board and will make recommendations for board decision/approval when required. 6. Conflicts of interest Committee members are subject to processes put in place by South East Water to deal with conflicts of interest as documented in South East Water s board policies and board charter. In summary, these processes: Require members to make a full disclosure of the conflict of interest at board meetings (and committee meetings if applicable); Require the disclosure to be recorded in the minutes of the board or committee meeting; and Require the board or committee to determine whether that conflict of interest is material. 4

7. Meetings (d) (e) (f) (g) A quorum for any meeting of the committee will be two (2) committee members who are non executive directors; Should the committee chairman be absent from the meeting, the members of the committee present at the meeting have the authority to choose one of the other nonexecutive committee members to chair that particular meeting; The committee may invite such other persons to its meetings as it deems necessary, including persons to provide expert advice as considered necessary by the committee. Committee members may not appoint an alternate to attend on their behalf; Meetings shall be held not less than four (4) times a year. Special meetings may be convened as required. Internal and external auditors may request a meeting if they consider that it is necessary; The corporate secretary (or their delegate) in conjunction with the committee chairman shall determine an agenda at least one week prior to each meeting; The committee will meet with the Finance Assurance and Risk Management Committee as required and at least annually to identify possible overlaps and/or gaps in each committee s consideration of risk management matters; and A copy of the committee papers and draft minutes of each meeting shall be made available to all board members prior to the next board meeting. All matters referred to either the board or board committees will appear as an agenda item at the next applicable board or committee meeting. 8. Review cycle The committee s charter will be reviewed no less than every two (2) years. If changes are made they must be approved by the board. 9. Review of committee performance The committee will annually evaluate its performance against its responsibilities as set out in the charter. An external evaluation of the committee s performance will occur no less than every two (2) years, as part of a broader review of board performance. 5