| The
Governance of Cradle Coast Water is derived from the Corporatisation
Principles for Local Government Business Activities, on which the Rules
of Cradle Coast Water have been based.
It is formed by members and their representatives (shareholders), directors
(The Board) and the C.E.O. (Board Member - Management).
The
Representatives are appointed by the participating Councils and
exercise one vote each on behalf of their councils at general meetings,
and/ or the annual general meeting.
Directors
The Board
is charged with the responsibility to direct the affairs of Cradle Coast
Water in a manner consistent with the requirements of the corporatisation
model for government business enterprises, the Charter and the Corporate
Plan. Unless the Cradle Coast Water Rules say otherwise, Directors have
the same duties and are to exercise the same degree of care, diligence
and good faith as Directors of a corporation subject to the Corporations
Law.
The Board appoints a Chief Executive Officer to be responsible for the
administration and operation of Cradle Coast Water. |