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Toronto Hydro CR Report 2016

OUR PEOPLE G4-40 Nomination of Directors As of December 31, 2016, The Corporation’s Board of Directors consisted of 10 directors, with one additional directorship being vacant, all of whom are appointed by the sole shareholder of Toronto Hydro Corporation, the City of Toronto. Pursuant to the Shareholder Direction, in electing directors to the Board, the city gives due regard to the qualifications of a candidate, including: • Experience or knowledge • Commercial sensitivity and acumen • Independence of judgment • Personal integrity The city seeks candidates with experience and knowledge in: • Public utility commissions or boards of major corporations or other commercial enterprises • Corporate finance • Corporate governance • Market development • Large system operation and management • Urban energy industries • Public policy issues and laws relating to Toronto Hydro, the electricity industry, environmental matters, labour relations and occupational health and safety issues Each citizen director is elected to serve for a term of up to two years or until his or her successor is appointed and may be elected for a maximum of four consecutive terms for a maximum of eight consecutive years or such longer term until a successor is appointed. Each City Councillor director is elected to serve for two years or until his or her successor is elected. As of December 31, 2016, female directors constituted 30% (three of 10) of the members of Toronto Hydro Corporation’s Board of Directors. G4-34 Board Committees The Board has established three standing committees (Audit Committee, Corporate Governance Committee, and Human Resources and Environment Committee) as shown in the following chart. Audit Committee Corporate Governance and Nominating Committee 66 TORONTO HYDRO I 2016 CORPORATE RESPONSIBILITY REPORT Human Resources and Environment Committee1 Michael Nobrega (Chair) Brian Chu Heather Zordel The Honourable Howard Wetston, Senator (Chair) Councillor Paul Ainslie Mary Ellen Richardson Brian Chu (Chair) Councillor Stephen Holyday Tamara Kronis Michael Nobrega 1Effective May 11, 2016, the name of the Human Resources Committee was changed to the Human Resources and Environment Committee.


Toronto Hydro CR Report 2016
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