Colin Gruending, left, and Dan O'Grady are two members of the Enbridge's Employee CSR advisory Committee
Our Targets
At Enbridge, corporate governance means ensuring a comprehensive system of stewardship and accountability is in place and functioning among directors, management and employees. We employ a variety of policies, programs and practices to manage corporate governance. Following are some of the targets that will help us continue to have a strong corporate governance culture built on integrity, accountability and transparency.
  • Ensure the majority of the Board of Directors are independent.
  • Ensure every employee and Director complies with our Statement on Business Conduct.
  • Have mechanisms in place to continually evaluate the effectiveness of our environment, health and safety (EH&S) programs.
  • Comply with all laws and regulations that affect our business.
 
OUR 2005 HIGHLIGHTS
  • The Board of Directors functions independently of management and is accountable to shareholders. Currently, nine of the 11 directors are independent and have no relationship with the company or its management that could affect their freedom of judgment.
  • Directors are committed to owning shares and/or deferred stock units equivalent to two times their annual retainer.
  • In 2005, the Board met 10 times with an average attendance rate of 97 per cent.
  • Annually, all employees and Directors must sign Enbridge’s Statement on Business Conduct to ensure they have read and understood the policy.
  • We conducted several internal audits of our EH&S systems throughout all of our business segments and also participated in external audits and inspections of our operations.
  • Enbridge Inc. and our United States businesses comply with applicable Sarbanes-Oxley requirements. Enbridge also follows the Canadian securities regulators’ corporate governance rules.