E-7ENSC (Multeese) IR-1 to IR-31 3/29/2011
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► Approvals The acquisition of capital goods (purchased or leased) requires the prior approval of the Board or the CEO, regardless of the dollar value of the acquisition. The acquisition of non-capital goods up to $5,000 requires prior app...
AI summary The document outlines the approval requirements for the acquisition of goods, services, and construction by the utility. Prior approval from the Board or CEO is required for capital goods, non-capital goods over $5,000, and all acquisitions over $20,000.
A. Approval of Claims • Employee expenses are approved by the employee's manager, or in the case of a manager, by the CEO. The CEO's expenses are approved by the Chair of the Management Resource and Compensation Committee. Director expense...
AI summary The document outlines the approval process for employee expenses, specifying that managers approve their employees' claims, the CEO's claims are approved by the Management Resource and Compensation Committee Chair, and the Board Chair's claims are approved by the Finance Committee Chair or another designated Director if there is a conflict.
8.4 Finance Committee 8.4.1 The Finance Committee is responsible for assisting the Board of Directors with their responsibilities with respect to the oversight of the accounting and financial reporting processes, investing activities, inte...
AI summary The Finance Committee assists the Board of Directors in overseeing accounting, financial reporting, investments, internal controls, risk management, and audit functions. It also advises the Board on annual budgets and fiscal policies.
15. BORROWING POWERS 15.1.1 The borrowing powers of the Corporation authorized by section 34(b) of the Act may be exercised by Special Resolution of the Board.
AI summary The borrowing powers of the Corporation are authorized by section 34(b) of the Act and may be exercised by Special Resolution of the Board.
- (3) Subject to subsection (2), the members of the Board of Directors referred to in clause (1)(a) shall be appointed as provided by and hold office for the term provided by the by-laws of the Corporation. - (4) A member of the House of A...
AI summary This section outlines the composition, eligibility, and responsibilities of the Board of Directors of the Corporation, including restrictions on eligibility, remuneration, liability protections, and authority to create by-laws.