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- Act respecting the disclosure of the compensation received by the executive officers of certain legal persons
Table of contents
Repealed on 1 July 2011
This document has official status.
Act respecting the disclosure of the compensation received by the executive officers of certain legal persons
DISCLOSURE OF COMPENSATION
Repealed, 2010, c. 40, s. 12.
2010, c. 40, s. 12
Every legal person that is a reporting issuer within the meaning of section 68 of the Securities Act (
) and that is required to establish a circular in connection with a solicitation of proxies under that Act must, in that circular, provide a statement of the compensation received by its five most highly compensated executive officers.
1997, c. 61, s. 1
2006, c. 50, s. 134
A federation governed by the Act respecting financial services cooperatives (chapter C-67.3) must include, in its annual report, a statement of the compensation received by the five most highly compensated executive officers of the group referred to in section 3 of that Act.
1997, c. 61, s. 2
2000, c. 29, s. 659
The Government may, by regulation, require any other legal person or class of legal persons that it determines to include in its annual report a statement of the compensation received by its five most highly compensated executive officers.
1997, c. 61, s. 3
2002, c. 45, s. 522
Every person holding office as a director, president, vice-president, secretary, treasurer, comptroller or director general, or performing similar functions, is an executive officer.
1997, c. 61, s. 4
The statement of compensation must indicate separately for each of the five most highly compensated executive officers
the officer’s annual compensation, including salary, premiums and all other forms of compensation;
the officer’s long-term compensation, including any stock option plan or entitlement to stock appreciation and any other long-term benefit;
any other information concerning compensation prescribed by the Securities Regulation (R.R.Q., c. V-1.1, r. 50).
The statement of compensation must include any compensation paid by a subsidiary of the legal person.
1997, c. 61, s. 5
The Autorité des marchés financiers may order a legal person to take the necessary steps to ensure compliance with this Act.
1997, c. 61, s. 6
2002, c. 45, s. 523
2004, c. 37, s. 90
The Autorité des marchés financiers is responsible for the administration of this Act.
It may, in this respect, exercise the powers conferred on it by the Securities Act (
1997, c. 61, s. 7
2001, c. 38, s. 99
2002, c. 45, s. 524
2004, c. 37, s. 90
The Government shall designate the minister responsible for the carrying out of this Act.
1997, c. 61, s. 8
The Minister of Finance is responsible for the carrying out of this Act. Order in Council 809-2009 dated 23 June 2009, (2009) 141 G.O. 2 (French), 3230.
1997, c. 61, s. 9
In accordance with section 9 of the Act respecting the consolidation of the statutes and regulations (chapter R-3), chapter 61 of the statutes of 1997, in force on 1 April 1998, is repealed, except section 9, effective from the coming into force of chapter I-8.01 of the Revised Statutes.
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