BC Hydro Board Of Directors

Click here to learn more about BC Hydro’s Board of Directors or read an excerpt below. Government is referred to 7 times in the excerpt below.

 

W.J. Brad Bennett, Chair of the board

The B.C. provincial government appointed W.J. Brad Bennett, O.B.C., as the Chair of BC Hydro on September 30, 2015.

Bennett is President of McIntosh Properties Ltd., a real estate investment and private equity investment company. Bennett has served on a number of public and private company boards and is currently a Director of Kal Tire Holdings Ltd., a Director of Exchange Income Corp, and a Director of Quails’ Gate Winery.

He also currently serves as Chair of MITACS, is a director of the UBC Properties Trust and is a Trustee of the Fraser Institute. Past public service positions include Chair of the University of British Columbia, Chair of Okanagan University College, Chair of Kelowna General Hospital Foundation, Co-chair of the Central Okanagan Hospice Campaign, and Chair of the Rotary Centre for the Arts Building Committee.

Bennett received an honorary Alumni Award from the University of British Columbia in 2007, was awarded the Order of British Columbia in 2010, and was awarded an honorary Doctor of Laws from the University of British Columbia in 2011.

Bennett was director of BC Hydro from January 26, 2012 to September 30, 2015

The Chair’s role and responsibilities

The Chair provides leadership to the Board and coordinates its activities in the best interests of BC Hydro. In performing this role, the Chair manages the affairs of the Board and works closely with the Chief Executive Officerto ensure effective relations with the B.C. government, the public and other stakeholders.

Fees & expenses

The Financial Information Act Return lists the remuneration and expenses by Director. The Chair’s compensation is determined by the B.C. Provincial Government.

Fees

Meeting fees are paid to Directors on a quarterly basis, in accordance with Treasury Board Directive 3/11 dated December 16, 2010. Access to the guidelines can be made through the Provincial Government website.

Note: Additional fees are paid to directors serving on the Boards of subsidiaries, task groups or advisory committees.

Board governance

Composition and succession

The Corporate Governance Committee annually reviews the skills, experience, background and diversity of the Board in relation to BC Hydro’s strategic direction. The Board discusses the recommendations resulting from this review, and the Board Chair communicates them to the B.C. Provincial Government through the B.C. Board Resourcing and Development Office (BRDO), access to which can be made through the provincial government website.

The Corporate Governance Committee and the Board Chair review the competency mix, assess whether competency gaps exist in relation to BC Hydro’s strategic direction, and make recommendations to the BRDO that supports an effective Board renewal strategy.

Orientation

Special orientation sessions are held for new Directors. The focus of the sessions depends upon the particular knowledge of the appointee.

Upon appointment, Directors also receive a manual that provides guidance on Board governance issues, as well as other important information such as the Service Plan and the Government Mandate Letter.

 

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