November 28, 2011

Complementary Roles: Audit and ERM at Hydro One

By Nancy Hala, KnowledgeLeader contributing writer

Hydro One Inc., owned by the province of Ontario, Canada, is strongly influenced by government policy; yet it is operated like a public company with substantial bonds rated by rating agencies and requirements to file public documents. In this profile, John Fraser, Senior Vice President of Internal Audit and Chief Risk Officer for Hydro One, talks about the internal audit team’s mandate to audit the high-risk areas of Hydro One’s group of companies.