SRPC practices good corporate governance by establishing rigorous world-class protocols and ensuring transparency in its decision-making processes.  Operational risks are considered and addressed with foremost consideration of the welfare of employees.  Information shared with external and internal stakeholders are prepared with clarity and consistency.

Implementing governance best practices not only enables SRPC to meet its corporate objectives in a responsible and ethical manner but also sustains the Company’s social license from the community it operates in, affiliates it works with, and the customers it aims to empower.

The Board of Directors

SRPC’s Board of Directors (Board) is composed of seven directors – three nominees from Marubeni Corporation, three nominees from Kansai Electric Power Company Ltd., and one member who is jointly nominated by Marubeni and Kansai Electric.  This ensures balanced representation among the two shareholders and the check and balance in decisions regarding policy and business agreements.  The Board member nomination is based on the individual’s integrity and competence in business, particularly the energy industry.

The Board provides policy direction to the Company’s management, including the control and accountability systems.  The Board is responsible of appointing the President and CEO and other officers, and ensures the execution of the Company’s business plan and strategy.  The Board is also responsible for the approval and provision of appropriate resources and major capital expenditures and for monitoring financial and other reportorial requirements.

The Board elects the President and CEO, the Vice Presidents and other officers of the Corporation.  The directors are elected during the annual meeting of the shareholders and serve for one-year term until their successors are elected.

At the shareholders’ meeting, key economic, environmental, and social matters involving the Company as well as the Board’s performance are discussed.

The Board of Directors exercises the highest level of governance while the President and CEO manages business operations.  The President and CEO reports directly to the Board while the Senior Vice Presidents report to the President and CEO.

The Executive Management Team

The President and CEO heads the Executive Management Team (EMT).  The other members are: two Senior Vice Presidents, one for Operations and Maintenance and the other for Technical Inspection and Audit; four Vice Presidents for Finance, Corporate Affairs, Corporate Compliance, and Human Resources and Administration.  The EMT ensures that the Company is managed according to its vision and mission; develops the strategies, policies, plans, and programs that maintain the Company’s role as a world-class and socially responsible generation company; and formulates or revises directives and policies.