Summary
Enbridge Inc.'s 2008 Form 40-F filing provides a snapshot of its corporate governance and financial reporting compliance as of December 31, 2008. The company confirms the effectiveness of its disclosure controls and procedures, overseen by its CEO and CFO, with no material changes impacting its internal controls over financial reporting during the period. Enbridge also identifies its audit committee financial experts and outlines its commitment to ethical conduct through its 'Statement on Business Conduct'. The filing confirms no off-balance sheet arrangements and incorporates information on contractual obligations and principal accountant fees by reference to other filed exhibits.
Key Highlights
- 1Enbridge Inc. operates as a foreign private issuer, filing a Form 40-F for the fiscal year ended December 31, 2008.
- 2The company reported 373,008,115 common shares outstanding as of December 31, 2008.
- 3Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective.
- 4No material changes to internal control over financial reporting occurred during the fiscal year.
- 5The Audit Committee comprises members identified as audit committee financial experts, meeting NYSE independence standards for foreign private issuers.
- 6Enbridge has adopted a code of ethics ('Statement on Business Conduct') applicable to all employees and officers.
- 7The company confirms it has no off-balance sheet arrangements.
- 8PricewaterhouseCoopers LLP has served as Enbridge's auditor since 1992.