The primary duties of the Trust are to:
- Act as a diligent shareholder and in particular monitor the performance of the directors of the Company and exercise the rights of shareholders for the benefit of the Trust Fund and Beneficiaries.
- Encourage and facilitate TLC in meeting its objective of being a successful business.
- Promote and encourage an efficient and reliable electricity distribution system available throughout the District.
The Trustees discharge their duties through a range of annual and periodic tasks which include:
- Liaising with, reviewing and commenting on the Company’s annual Statement of Corporate Intent (SCI)
- Reviewing the Company’s performance.
- Reviewing the Directors performance.
- Reviewing the Directors Fees.
- Planning for succession of Directors and Trustees.
- Holding an Annual Meeting of Beneficiaries.
- Keeping up to date with electricity industry issues – which may include attending Energy Trust New Zealand conferences once or twice a year.
Next
