Corporate Governance

The Board and the management of Fortis acknowledge the critical importance of good corporate governance practices in the proper conduct of the affairs of the Corporation. The Corporation’s governance framework is routinely reviewed and examined against evolving best practices to ensure that the Board continues to effectively oversee the management and business affairs of the Corporation.

 

Board Bios

Barry V. Perry

May 5, 2016, 15:16 PM
Job title:
President and CEO, Fortis Inc.
Place:
St. John’s, Newfoundland and Labrador
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Barry V. Perry is President and Chief Executive Officer of Fortis.

Mr. Perry's career with the Fortis Group spans nearly 20 years. He was previously Vice President of Finance and Chief Financial Officer of the Corporation. Mr. Perry joined the Fortis organization in 2000 as Vice President, Finance and Chief Financial Officer of Newfoundland Power Inc.

He graduated from Memorial University of Newfoundland with a Bachelor of Commerce (Honours) and is a member of the Association of Chartered Professional Accountants of Newfoundland and Labrador.

Mr. Perry serves as a director of Fortis utility subsidiaries FortisBC Energy, UNS Energy and ITC.

Mr. Perry is Co-Chair of the Edison Electric Institute’s CEO Policy Committee on Energy Delivery. He also serves on the Advisory Board of Canada’s Top 40 Under 40.
  • EXECUTIVE
  • BOARD OF DIRECTORS

Barry V. Perry

President and Chief Executive Officer

Jocelyn H. Perry

Executive Vice President, Chief Financial Officer

David G. Hutchens

Chief Operating Officer

Nora M. Duke

Executive Vice President, Sustainability and Chief Human Resource Officer

James P. Laurito

Executive Vice President, Business Development and Chief Technology Officer

James R. Reid

Executive Vice President, Chief Legal Officer and Corporate Secretary

Gary J. Smith

Executive Vice President, Eastern Canadian and Caribbean Operations

Stephanie A. Amaimo

Vice President, Investor Relations

Karen J. Gosse

Vice President, Treasury and Planning

Ronald J. Hinsley

Vice President, Chief Information Officer

Karen M. McCarthy

Vice President, Communications and Corporate Affairs

Regan P. O’Dea

Vice President, General Counsel

James D. Roberts

Vice President, Controller

Douglas J. Haughey

Chair of the Board
Calgary, Alberta

Barry V. Perry

President and CEO, Fortis Inc.
St. John’s, Newfoundland and Labrador

Tracey C. Ball

Chair of the Audit Committee
Victoria, British Columbia

Pierre J. Blouin

Chair of the Governance and Nominating Committee
Mont-Royal, Quebec

Paul J. Bonavia

Corporate Director
Dallas, Texas

Lawrence T. Borgard

Corporate Director
Naples, Florida

Maura J. Clark

Corporate Director
New York, New York

Margarita K. Dilley

Corporate Director
Washington, D.C.

Julie A. Dobson

Corporate Director
Potomac, Maryland

Jo Mark Zurel

Chair of the Human Resources Committee
St. John’s, Newfoundland and Labrador

EXECUTIVE

  • Barry V. Perry, President and Chief Executive Officer
  • Jocelyn H. Perry, Executive Vice President, Chief Financial Officer
  • David G. Hutchens, Chief Operating Officer
  • Nora M. Duke, Executive Vice President, Sustainability and Chief Human Resource Officer
  • James P. Laurito, Executive Vice President, Business Development and Chief Technology Officer
  • James R. Reid, Executive Vice President, Chief Legal Officer and Corporate Secretary
  • Gary J. Smith , Executive Vice President, Eastern Canadian and Caribbean Operations
  • Stephanie A. Amaimo, Vice President, Investor Relations
  • Karen J. Gosse, Vice President, Treasury and Planning
  • Ronald J. Hinsley, Vice President, Chief Information Officer
  • Karen M. McCarthy, Vice President, Communications and Corporate Affairs
  • Regan P. O’Dea, Vice President, General Counsel
  • James D. Roberts, Vice President, Controller

BOARD OF DIRECTORS

  • Douglas J. Haughey, Chair of the Board
  • Barry V. Perry, President and CEO, Fortis Inc.
  • Tracey C. Ball, Chair of the Audit Committee
  • Pierre J. Blouin, Chair of the Governance and Nominating Committee
  • Paul J. Bonavia, Corporate Director
  • Lawrence T. Borgard, Corporate Director
  • Maura J. Clark, Corporate Director
  • Margarita K. Dilley, Corporate Director
  • Julie A. Dobson, Corporate Director
  • Jo Mark Zurel, Chair of the Human Resources Committee

Mandates and Position Descriptions

The Board of Directors is responsible for ensuring effective leadership of the Corporation and providing oversight in key areas with specific mandates.
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Board Mandate

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Position Description For Chair of the Board

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Audit Committee Mandate

Audit Committee Mandate

Governance and Nominating Committee Mandate

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Human Resources Committee Mandate

Human Resources Committee
 

policies

Responsibilities of the Board of Directors

The stewardship of the Corporation is primarily the responsibility of the Board and three standing Committees of the Board, which work closely with the President and Chief Executive Officer.
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Code of Conduct 

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Shareholder Engagement Policy

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Policy on Reporting Allegations of Suspected Improper Conduct and Wrongdoing (Whistleblower Policy)

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Board and Executive Diversity Policy

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Majority Voting Policy

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Disclosure Policy

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Respectful Workplace Policy

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Political Engagement Policy

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Anti-Corruption Policy

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Privacy Policy

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Engaging on Policy and Social Issues

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Certain things are core to our business ethos. These include supporting the communities we serve, and our industry’s important role in society, including in the transition to cleaner energy. This commitment is reflected in our involvement with and financial support of various organizations that advance these priorities, and in our governance framework:

Our Code of Conduct identifies support of our communities as an important aspect of who we are as a company – we provide financial contributions to literally hundreds of non-profit organizations ranging from local chambers of commerce and food banks to cultural and artistic organizations, and encourage volunteerism among our employees

Our Political Engagement Policy recognizes the importance of participating in public policy discussions that impact our industry, including through involvement with trade associations and other non-profit organizations

Our Anti-Corruption Policy reinforces our commitment to strict compliance with laws regulating lobbying and political engagement

Trade Associations

Trade associations often serve as a voice for our industry, with many being key advocates for and enablers of cleaner energy. Trade associations leverage the collective resources, know-how and experience of their members to collaborate, share knowledge and educate key stakeholders, including regulators and legislators. Below is a list of trade associations to which the Fortis organization contributed at least C$25,000 in 2019.

  • Trade Associations
  • Organization Name Fortis-Wide (CAD)
    Alberta Power Industry Consortium $45,000.00
    Alliance for Transportation Electrification $67,645.00
    American Gas Association $229,240.07
    Americans for a Clean Energy Grid (ACEG) $32,172.50
    Arizona Energy Policy Group $47,436.68
    BC Bioenergy Network $50,000.00
    BC LNG Alliance $165,000.00
    Blue Green Alliance $26,538.00
    Business Council for Sustainable Energy $26,538.00
    Business Roundtable $132,690.00
    Canadian Gas Association $541,308.00
    Canadian Electricity Association $362,236.90
    Canadian Energy Association $55,937.00
    Canadian Energy Pipeline Association $226,000.00
    Canadian Natural Gas Vehicle Alliance $40,000.00
    Centre for Energy Advancement through Technology Innovation (CEATI) $108,203.00
    Consortium for Energy Efficiency $46,871.00
    Edison Electric Institute $1,820,292.41
    Energy Coalition of New York $46,441.50
    Electricity Distributors Association $81,900.00
    Electrical Safety Association $40,512.00
    North American Transmission Forum $44,167.19
    Iowa Utility Association $110,132.70
    Utility Air Regulatory Group (dissolved in 2019) $74,546.57
    Utility Solid Waste Activities Group $44,351.63
    Western Energy Institute $77,175.00
    Wires Group (WIRES) $92,883.00
    TOTAL $4,635,218.15

    US dollar amounts converted to Canadian dollars using the 2019 weighted average US-Canada exchange rate of $1.32.

Other Non-Profits

Fortis supports other tax-exempt organizations that advocate on policy issues of relevance to the utility industry, such as renewable energy and electrification of transportation, and other issues of social significance. Below is a list of tax-exempt organizations which may engage in lobbying or political activity to which Fortis contributed in 2019. Due to the large number of tax-exempt entities to which we contribute and in order to focus our disclosure on those that are most likely to engage in public policy advocacy of interest to our stakeholders, we have excluded certain categories of organizations, including chambers of commerce; local economic development organizations; municipalities/counties; regional planners; first responders; professional organizations and governing bodies; pure research, educational or historical organizations; standards organizations; and political and government organizations.

  • Other Non-Profits
  • Organization Name Fortis-Wide (CAD)
    Alberta Irrigation Districts Association $5,500.00
    American Legislative Exchange Council (membership withdrawn in 2020) $23,062.93
    American Wind Energy Association $19,903.50
    Arizona Grantmakers Forum $4,113.39
    Arizona Mexico Commission* $19,903.50
    Arizona Tax Research Association* $26,869.73
    Association of British Columbia Marine Industries $5,250.00
    BC Produce Marketing Association $414.00
    BC Trucking Association $4,970.00
    Building Owners and Management Association of BC $50,000.00
    Business Council of New York $18,388.18
    Canadian Association of Members of Public Utility Tribunals (CAMPUT) $3,298.00
    Canadian Council for Aboriginal Business $6,130.00
    Canadian Green Buildings Council $21,000.00
    Canadian Solar Industries Association $3,600.00
    Canadian Urban Transit Association $1,436.00
    Canadian Urban Transit Research (CUTRIC) $15,450.00
    Clean Energy BC $2,500.00
    Clean Energy Canada $68,475.00
    Council of Industry $3,914.36
    Electric Mobility Canada $2,585.00
    Environmental Federation of Oklahoma $796.14
    Fraser Basin Council $5,000.00
    Gulf Coast Power Association $3,980.70
    Industrial Energy Consumers of America $3,317.25
    Iowa Taxpayers Association* $1,326.90
    League of United Latin American Citizens* $3,317.25
    Michigan Energy Innovation Business Council $1,592.28
    Michigan Manufacturers Association $6,541.61
    Michigan Municipal Electric Association $862.48
    National Electricity Roundtable $6,300.00
    National Rural Electric Co-op Association $19,903.50
    New Mexico Utility Shareholders Alliance $23,884.20
    NL Association of Technology & Innovation $795.00
    North American Energy Markets Association $1,990.35
    Northeast Gas Association $19,903.50
    Northwest Public Power Association $18,709.29
    Ontario Vegetation Management Association $900.00
    Organization for International Investment $23,070.25
    Pembina Institute $50,000.00
    SEA/LNG $36,415.00
    SFU Renewable Cities $10,000.00
    Society for Gas as a Marine Fuel $10,321.20
    Southern Arizona Leadership Council $26,538.00
    Utilities Technology Council $17,952.81
    Utility Aborist Association $265.00
    Waterpower Canada $4,418.00
    Western Energy Supply and Transmission Associates $22,595.78
    Wildfire (an Arizona poverty group) $265,778.07
    TOTAL $893,238.15

    *501(c)4 organizations under the US Internal Revenue Code.

    US dollar amounts converted to Canadian dollars using the 2019 weighted average US-Canada exchange rate of $1.32.

Governance

Fortis subsidiaries operate on a substantially autonomous basis, with local management, and generally with independent boards of directors, but are expected to adopt a policy framework that is consistent with the requirements of the Fortis core policies.

Our Code of Conduct requires strict compliance with all laws and regulations, specifically referencing those relating to lobbying and political contributions. The Code outlines our responsibilities and internal control processes for authorizing, reporting, monitoring and recording lobbying activities, and political and charitable contributions. The Code requirements relating to lobbying and political and charitable contributions are reinforced and expanded on through our Anti-Corruption Policy and Political Engagement Policy.

Fortis and subsidiary management are responsible for advancing our corporate-wide strategic objectives, including promoting clean energy and other sustainability goals. Management directs their respective operations to advance these objectives. Generally, executive compensation is also tied to how well these objectives are achieved. In this way, advancing our strategic energy and climate objectives is core to the management function, which includes oversight of trade association memberships. Our management and boards review our trade association memberships regularly to avoid material misalignment with our corporate values and policies.

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Committed to preserving our provincial heritage

Fortis contributes $3.25 million to commemorate Newfoundland and Labrador’s First World War Battle of Beaumont-Hamel. Fortis community initiatives
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