In the past decade, Nalcor and Newfoundland and Labrador Hydro has experienced significant transition and growth. Nalcor is accountable to the provincial government and the people of our province.
Several years ago, Nalcor’s board completed a comprehensive governance review and implemented recommendations. It continues to consider governance within the Corporation and its subsidiaries and to make changes which it believes will enhance corporate governance. Prudent and effective governance of Nalcor’s six lines of business and its subsidiary companies is provided by 15 Boards consisting of a total of 39 members. These boards are comprised of independent directors with broad backgrounds including: lawyers, accountants, educators, business people and community members. In 2013, there were 63 meetings held by boards and sub-committees of Nalcor and its various subsidiaries.