CORPORATE GOVERNANCE

Run of River Power believes that good corporate governance improves corporate performance and benefits all shareholders. The Board of Directors is comprised of five directors: A. Ross Gorrell, Richard W. Hopp, G. Scott Paterson and Tejinder Singh Grewal who are all independent and R.G. (Jako) Krushnisky who is not independent since he serves as the Chief Executive Officer of the Company.

The Board has established two committees — the Audit Committee and the Compensation Committee to assist in the efficient functioning of Run of River’s corporate governance program.  

 

Audit Committee

The purpose of the Audit Committee is to assist the Board in its oversight of the integrity of the Company's financial statements and other relevant public disclosures, the Company's compliance with legal and regulatory requirements relating to financial reporting, the external auditors' qualifications and independence and the performance of
the external auditors.

The members of the Audit Committee are all independent: A. Ross Gorrell, Richard W. Hopp and Tejinder Singh Grewal.

 

Compensation Committee

The Compensation Committee is responsible for determining compensation for the directors and officers of the Company to ensure it reflects the responsibilities and risks of a public company.

The members of the Compensation are all independent: Richard W. Hopp andTejinder Singh Grewal.