Corporate Governance

Horizon Power is owned by the Government of Western Australia and established under the Electricity Corporations Act 2005 (WA) (Act). Horizon Power has its own Board which reports to the Minister for Energy.

Horizon Power's Corporate Governance Charter (Charter) outlines and promotes our corporate governance principles, systems and practices, including the role, responsibility and authority of the Board and Executive Management.

The Principles of Good Governance & Best Practice Recommendations established by the ASX Corporate Governance Council (ASX Corporate Governance Principles) are widely recognised as an authoritative reference for corporate governance principles for non-ASX listed Australian corporations, such as Horizon Power.

A copy of Horizon Power’s ASX Corporate Governance Principles checklist is contained within the Charter.

Although Horizon Power is not obliged under the Act to comply with the ASX Corporate Governance Principles, the Board of Directors (Board) of Horizon Power considers that those principles best reflect the expectations of Horizon Powers stakeholders and customers.

Accordingly, the Board has sought to adopt recognised best practice for corporate governance at Horizon Power through the implementation of a Corporate Governance Framework (Framework) developed in accordance with the following standards and guidelines:

• ASX Corporate Governance Principles;
• Australian Standard AS 8000-2003: Good Governance Principles;
• Government of WA Corporate Governance Guidelines for WA Public Sector CEOs; and
• OECD Principles of Corporate Governance.

Click on the links below for more information on:
• Corporate Governance Framework
• Disclosure and reporting
• Risk management
• External auditor
• Code of Conduct