Horizon Utilities Corporation is wholly-owned by Horizon Holdings Inc. and both are incorporated under the Ontario Business Corporations Act. The shareholders of Horizon Holdings are Hamilton Utilities Corporation and St. Catharines Hydro Inc. These two companies are respectively owned by the Corporation of the City of Hamilton and the Corporation of the City of St.
Horizon Utilities’ parent company, Horizon Holdings, is subject to a Shareholders Agreement. This agreement requires that the Board of Directors of Horizon Utilities to observe the standards of corporate governance which apply to publicly traded corporations to the extent this is practical. Although it is not a public corporation, Horizon Utilities recognizes the role of good governance in a successful business enterprise and provides voluntary disclosure on its corporate governance practices.