Corporate governance

Board

ACTEW's Board comprises six Directors: one executive Director and five non-executive Directors who are appointed by the Voting Shareholders, the Chief Minister and Deputy Chief Minister of the ACT. Procedures for the appointment of Directors are outlined in the Territory Owned Corporations Act 1990 and the Company's Constitution. The Voting Shareholders determine the terms of appointment and remuneration paid to Directors.

ACTEW has agreed business goals with the Voting Shareholders. These goals are outlined in the Statement of Corporate Intent which is provided annually to the Voting Shareholders and tabled in the ACT Legislative Assembly.

Audit and risk management committee

The role of the committee is to assist the Board fulfil its legal responsibilities and to strengthen the objectivity and credibility of financial reporting, the management of its business risks, the independence of the audit functions and the effectiveness of internal control systems.

ACTEW's internal audit activities are coordinated by ActewAGL's Audit Services. PricewaterhouseCoopers provides external audit services to the Corporation. Other independent auditors are engaged as appropriate. The Corporation's auditor is the Auditor-General for the Australian Capital Territory.

Remuneration committee

The objective of the committee is to set the remuneration and terms and conditions for the Managing Director and to consult with the Managing Director on the annual review of performance appraisals and remuneration of Corporation staff. The Committee also liaises with the Voting Shareholders and ACT Remuneration Tribunal on matters relating to Directors' remuneration.

Code of conduct

The ACTEW Code of Conduct aims to establish a culture which respects and values each individual's contribution, promotes and rewards creativity and initiative, eliminates discrimination, and encourages maximum productivity. In order to achieve these aims, employees are required to abide by the Code of Conduct.

Freedom of Information

ACTEW, a company wholly owned by the ACT Government and established under the Corporations Act 2001, is subject to the provisions of the Freedom of Information Act 1989.

Section 7 Statement
ACTEW owns the ACT’s water and sewerage business and assets, is a 50% owner of the Joint Venture utility ActewAGL and retains an 18% interest in TransACT Communications Pty Limited. ACTEW is governed by a seven person board. ACTEW’s office is located in a prominent location in the Civic Centre, provides wheelchair access and is accessible by public and private transport. Paid parking is also available in close proximity to the office.

ACTEW is responsible for the implementation and management of the Utilities (Water Conservation) Regulation 2006. The Water Conservation Office provides a telephone hotline service to inform and educate the community about Permanent Water Conservation Measures and the Water Restrictions Scheme. The Office also undertakes community consultation through public workshops, community events and print, radio, television and website advertising.

Documents in the possession of ACTEW relate to all business and operational activities.

Section 8 Statement
ACTEW maintains a list of all documentation for the administration of the Water Restriction Scheme and Permanent Water Conservation Measures. Requests to access the list should be made to the Corporate Communications Manager, ACTEW Corporation Limited, GPO Box 366, Canberra ACT 2601, telephone 6248 3111.

General inquiries and requests for access to documents held by ACTEW can be made to the Executive Officer, ACTEW Corporation Limited, GPO Box 366, Canberra ACT 2601, telephone 6248 3111.