Corporate Governance

Board of Directors

The Board comprises five Directors. The names, qualifications and relevant experience of each Director are set out on the  IntraPower Board of Directors web page. There is no requirement for any Director shareholding qualification. As the Company’s activities increase in size, nature and scope, the size of the Board and the optimum number of Directors required to supervise adequately its activities, within the limitation imposed by the Constitution, will be reviewed periodically.

Click here to read the IntraPower Board Charter

Audit and Risk Management Committee

The Board has established an Audit and Risk Management Committee, which operates under a charter contained in the Company’s Corporate Governance Charter. The members are Ian Neal and Jon Allaway. It is the Board’s responsibility to ensure that an effective internal control framework exists within the Company. This includes internal controls to deal with both the effectiveness and efficiency of significant business processes, risk management, the safeguarding of assets, the maintenance of proper accounting records, and the reliability of financial information as well as non-financial considerations such as the benchmarking of operational
key performance indicators.

The Board has delegated the responsibility for the establishment and maintenance of a framework of internal control and ethical standards for the management of the Company to the Audit and Risk Management Committee. The Committee will also provide the Board with additional assurance regarding the reliability of financial information for inclusion in the financial reports.

Click here to read the IntraPower Audit and Risk Committee Charter

Remuneration Committee

The Board has also established a Remuneration Committee, which operates under a charter contained in the Company’s Corporate Governance Charter. The members are The Hon. Mike Ahern AO and Jon Allaway. It is the Company’s objective to provide maximum stakeholder benefit from the retention of a high quality Board and executive team by remunerating Directors and key executives fairly and appropriately with reference to relevant employment market conditions.

To assist in achieving this objective, the Board has delegated to the Remuneration Committee the responsibility of overseeing the remuneration policies and practices of the Company. In relation to the payment of bonuses, options and other incentive payments, discretion will be exercised by the Remuneration Committee and the Board, having regard to the overall performance of the Company and the performance of the individual during the period. There is no scheme to provide retirement benefits, other than statutory superannuation, to Non-Executive Directors.

Click here to read the IntraPower Remuneration Committee Charter

In addition the Board has set out, approved and implemented the following:

IntraPower Code of Conduct
IntraPower Share Trading, Continous Disclosure and Public Announcements Policy