Corporate Governance in an Electricity Company
Title
Corporate Governance
Assignment Topic
Governance at the St. Lucia Electricity Services Limited
Executive Summary
This report was written to the Chairman of the St. Lucia Electricity Services Limited – Mr. Trevor A. Byer.
St. Lucia Electricity Services Ltd principal activities consist of the generation, transmission and distribution of electricity. This The Company has been the sole commercial supplier of electrical energy in Saint Lucia. On August 11, 1994 the Company changed status to a Public Company, being replaced by the Electricity Supply Act No. 10 of 1994. Profitability and shareholder value became new words in the vocabulary of operations and the motto was changed to ‘Excellence and profitability in Operations’.
A SWOT Analysis was conducted, and the findings are highlighted; along with the importance of the Board of Directors. LUCELEC have six (6) different committees but, three (3) of them were highlighted. Recommendations were made for effective Governance at the organization.
Table of Contents
Topics Page
Assignment Title, Topic 1
Executive Summary 2
Introduction 4
Background of St. Lucia Electricity Services Ltd. (LUCELEC) 5
Governance of LUCELEC 7
Vision and Mission
Corporate Governance
Assignment Topic
Governance at the St. Lucia Electricity Services Limited
Executive Summary
This report was written to the Chairman of the St. Lucia Electricity Services Limited – Mr. Trevor A. Byer.
St. Lucia Electricity Services Ltd principal activities consist of the generation, transmission and distribution of electricity. This The Company has been the sole commercial supplier of electrical energy in Saint Lucia. On August 11, 1994 the Company changed status to a Public Company, being replaced by the Electricity Supply Act No. 10 of 1994. Profitability and shareholder value became new words in the vocabulary of operations and the motto was changed to ‘Excellence and profitability in Operations’.
A SWOT Analysis was conducted, and the findings are highlighted; along with the importance of the Board of Directors. LUCELEC have six (6) different committees but, three (3) of them were highlighted. Recommendations were made for effective Governance at the organization.
Table of Contents
Topics Page
Assignment Title, Topic 1
Executive Summary 2
Introduction 4
Background of St. Lucia Electricity Services Ltd. (LUCELEC) 5
Governance of LUCELEC 7
Vision and Mission
References: Corporate Governance Principles, Policies, and Practices Tricker, Bob 2009, Oxford University Press. Corporate Governance: The Indian Scenario Joshi, Vasudha, 2004, Foundation Books Pvt. Ltd. Corporate Governance Best Practices: Strategies for Public, Private, and Not For Profit Organizations, Lipman, D, Frederick, Lipman, L. Keith, 2006, John Wiley & Sons, Inc., Hoboken, New Jersey The Importance of Corporate Governance: Global Custodian, 10478736, Sep2011: Business Source Complete http://web.b.ebscohost.com/ehost/detail?sid=42ab7f7f-9ca5-4d81-b485 http://www.lucelec.com/content/board-directors-lucelec http://www.lucelec.com/sites/default/files/annual-reports/LUCELEC_Annual_Report_2009.pdf http://www.lucelec.com/sites/default/files/annual-reports/LUCELEC%20Annual%20Report%202013%20-%20FINAL.pdf http://www.lucelec.com/sites/default/files/annualreports/LUCELEC%20Annual%20Report%202013%20-%20FINAL.pdf. http://www.thevoiceslu.com/local_news/2012/december/18_12_12/Trouble.htm