Our information circular provides additional information about our corporate governance practices while our Shareholder Rights Plan provides details on how investors are protected in the event of a corporate takeover.
Governance
Good governance is good for business
Governance is how we make and implement decisions. At Pembina, strong governance starts at the Board level and is felt throughout our operations.
Pembina’s Board of Directors provides guidance to Pembina’s executive team, sets corporate policy and ensures Pembina maintains regulatory requirements and ethical business practices.
The Board meets a minimum of four times each year.
Additional details on our approach to governance, with a focus on sustainability, can be found under Sustainability.
Inclusion & Diversity
Pembina’s Board of Directors aspires to have at least 40 percent of the independent directors be individuals who belong to one of the four designated groups in the Employment Equity Act: Indigenous persons, people with disabilities, people who are visible minorities, and women.
Pembina's Board of Directors includes:
Commitment to High Standards
Pembina manages corporate governance in several ways, including:
- Operating with an independent Chairman of the Board
- Independent directors. 10 of the 11 Board members are independent within the meaning of Canadian securities laws
- Directors are elected by the shareholders and stand for reappointment each year at the Company's annual general meeting
- The Governance, Nominating and Corporate Social Responsibility Committee has a process to nominate directors and assess their performance on an ongoing basis
- Every Board member is required to certify compliance with the company's Code of Ethics and corporate policies
- The Human Resources and Compensation Committee has a formal succession planning process in place for the CEO and other members of Pembina's executive team
- New directors receive a company orientation, which includes a strategic review and risk analysis
- At least once per year, the Board participates in a strategy session to review the Company's operational activities and future growth opportunities
More Information
Key Governance Documents
- Board Charter
- Audit Committee Charter
- Governance, Nominating & Corporate Social Responsibility Committee Charter
- Human Resources and Compensation Committee Charter
- Safety, Environment & Operational Excellence Committee Charter
- Position Description - Board Chair
- Position Description - CEO
- Position Description - Committee Chair
- Corporate Governance Guidelines
- Director Independence Guidelines
- Board Diversity Policy
- Majority Voting Policy
- Anti-Bribery Policy
- Code of Ethics Policy - Canada
- Code of Ethics Policy - United States
- Community Relations Policy
- Discrimination and Harassment Policy
- Equal Employment Opportunity Policy - United States
- FERC Standards of Conduct Policy
- Health, Safety & Environment Policy
- Indigenous & Tribal Relations Policy
- Privacy Policy
- Respectful Workplace Policy
- Sanctions Policy
- Whistleblower Policy
Whistleblower Hotline
Pembina is committed to the highest standards of professional and ethical conduct in all activities. Our reputation for honesty and integrity among our stakeholders is key to the success of our business. Hosted by a third-party service provider, EthicsPoint, the Hotline provides a confidential, accessible tool for anyone wanting to report a concern, or ask a question.
Make an online report: pembina.ethicspoint.com
Toll-free Whistleblower line in Canada and the US: 1-855-375-6799
After you complete your report you will be assigned a unique code called a "report key." Write down your report key and password and keep them in a safe place. After six business days, use your report key and password to check your report for feedback or questions.