The Innovation, Investment and Finance Committee assists the Board in discharging their responsibilities in relation to the following: - Oversight of system adequacy and stability and assessing system adequacy and stability risks in the context of the Board’s approved strategy. - Oversight of delivery of strategic programmes of work designed to enable the system to operate securely and stably at high levels of non-synchronous energy sources, to evolve the Market in line with policy and regulation, or to adopt new technologies in the context of the Board’s approved strategy. - Assessing material innovation, investment, capital expenditure, and onshore transmission grid projects in the context of the Board’s approved strategy. - Oversight of EirGrid Group’s financial strategy and long-term financial planning consistent with the Board’s approved strategy and risk appetite. - Oversight of implementation of EirGrid’s Stakeholder engagement strategy. - Supporting the Board in the discharge of their responsibilities in relation to oversight of innovation, system adequacy, financial and treasury risks. - Keep abreast of industry and policy trends, technology developments, EU electricity system and market design developments and their implications. - Reviewing the governance arrangements in place for compliance with key financial and regulatory obligations and relevant aspects of the Code for matters relating to its remit.
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