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Introduction and Summary of Company 

The demand for energy has been increasing due to increase in the population and economy of Australia. Australian renewable energy industry is expected to install more that 10 gigawatts of new solar and wind power by end of 2019, which will enable Australia to reach 50% renewables by 2025 (Baldwin, Blakers & Stocks, 2018). Infigen is a leading energy provider listed in Australian Securities Exchange (ASX) and supplied clean energy to Australian businesses and large retailers (Infigen Energy, 2019). It supplies clean energy by combining renewable energy generation and firming solution. It is licensed energy retailer in National Electricity Market (NEM) regions of New South Wales, Queensland Victoria and South Australia. Infigen has wind generation assets in South Australia, New South Wales and Western Australia (Infigen Energy, 2019). The company has wind power generators, which have installed capacity of 557MW with another 113 MW under construction and it actively supports the communities in which it operates (Infigen Energy, 2019). The aim of this report is to analyze the corporate governance of Infigen Energy and its ethical outlook towards the society and stakeholders. The report uses the stakeholder engagement theory along with legitimacy theory to analyze the board orientation, company communication and overall performance and determine the ethical outlook of the organization. 

Corporate Governance of Infigen Energy 

Corporate governance refers to rules, policies and procedures applied to the business activities of an organization and are directed and managed by senior management and board of directors (Larcker & Tayan, 2015). It defines the responsibilities of Director and Managers in order to carry out corporate activities and is also concerned with accountability of directors and managers (Midanek, 2018). Infigen Energy board has one independent non-executive Chairman, three independent non-executive directors, three dependent executive directors (Infigen Energy, 2019). The Chairperson of the company is an independent director.  Thus, there is a balance between independent and non-independent directors on the board. The Infigen Energy Group has three entities, which are Infigen Energy Limited (IEL), Infigen Energy Trust (IET), Infigen Energy Bermuda Limited (IEBL) and the subsidiary entities of both Infigen Energy Limited and Infigen Energy Trust. The report of Chairman and CEO who is also the Managing Director highlights that the FY2018 has showed a strong financial performance and increased progress in delivering important elements of its strategy to pursue the transformation to renewable energy in a broader extent and create increased value for the security holders (Infigen Energy, 2019). The company has invested in new capacity by commercializing specific projects to increase revenues, restructured the organizational debt system in order to run the business as portfolio of assets and allow diversification of the channels to market to other segments besides large scale retailers (Infigen Energy, 2019). 

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