Committees

Audit Committee

The Audit Committee is mandated to assist the Board of Directors in fulfilling its oversight responsibilities. The Audit Committee’s primary purposes are to oversee and monitor:

• The integrity of Essential's accounting and financial reporting processes, financial statements and system of internal controls regarding accounting and financial reporting and accounting compliance.
• Management’s identification and management of principal financial risks.
• Essential's compliance with legal and regulatory requirements relating to accounting, and auditing matters.
• The qualifications, independence and performance of Essential's external auditors.

The Audit Committee is responsible for enhancing communications among the Board, management and the external auditors.  This committee is comprised of three financially literate and independent directors. 

Audit Committee Members

• Nicholas Kirton – Chairman
• William Lynch
• Jeffrey Scott
  
  

Compensation & Governance Committee

The Compensation & Governance Committee is mandated to assist the Board of Directors in fulfilling its oversight obligations relating to:

• Human resource and compensation matters with a view toward making recommendations to the Board as appropriate.
• Compensation and a continuity plan with respect to senior management.  
• The functioning of the Board and the Committees of the Board.
• Implementation and assessment of effective governance principles.
• The nomination of appropriate candidates to serve on the Board as Directors, as Chair of the Board, as Committee members
  and as Committee Chairs for the Board of Directors.
• Other governance initiatives as may be necessary or desirable to enable the Board to provide effective governance
  for the Corporation.

Corporate governance means the process and structure used to supervise the business and affairs of Essential.  The process and structure define the division of power and establish mechanisms for achieving accountability among unitholders, the Board and management.

Compensation & Governance Committee Members

• Michael Black – Chairman
• James Banister
• Nicholas Kirton
  
  

Health, Safety and Environment (“HSE”) Committee

The HSE Committee is mandated to assist the Board of Directors in carrying out its oversight and due diligence responsibilities with respect to health, safety and the environment.  The HSE Committee is responsible for reviewing, reporting and making recommendations to the Board on the development and implementation of the policies, standards and practices of Essential with respect to health, safety and the environment.   The HSE Committee has the general authority to investigate any activity of Essential that has an impact on health, safety or the environment.

HSE Committee Members

• Jeffrey Scott – Chairman
• James Banister
• William Lynch