G-1.02 - Act respecting the governance of state-owned enterprises

Section 22 Disposition versions

2022-06-03

22. The functions of the governance and ethics committee include

(1)  formulating governance rules and a code of ethics for the conduct of the operations of the enterprise;

(2)  formulating a code of ethics applicable to the board members, the officers appointed by the enterprise and the employees of the enterprise and of the legal persons at least 90% of whose voting shares are held directly or indirectly by the enterprise, subject to any applicable provision of a regulation made under sections 3.0.1 and 3.0.2 of the Act respecting the Ministère du Conseil exécutif (chapter M-30) and subject to the Public Service Act (chapter F-3.1.1);

(3)  developing expertise and experience profiles to be used in appointing board members, except the chair and the president and chief executive officer; the profiles must include management experience that is relevant to the position;

(4)  formulating criteria for evaluating the members of the board;

(5)  formulating criteria for assessing the performance of the board; and

(6)  developing initiation and ongoing training programs for board members.

The committee conducts the evaluation referred to in subparagraph 5 of the first paragraph in accordance with the criteria approved by the board.

2006, c. 59, s. 22; 2022, c. 19, s. 11.

2006-12-14

22. The functions of the governance and ethics committee include

(1)  formulating governance rules and a code of ethics for the conduct of the operations of the enterprise;

(2)  formulating a code of ethics applicable to the board members, the officers appointed by the enterprise and the employees of the enterprise and its wholly-owned subsidiaries, subject to any applicable provision of a regulation made under sections 3.0.1 and 3.0.2 of the Act respecting the Ministère du Conseil exécutif (chapter M-30) and subject to the Public Service Act (chapter F-3.1.1);

(3)  developing expertise and experience profiles to be used in appointing board members, except the chair and the president and chief executive officer; the profiles must include management experience that is relevant to the position;

(4)  formulating criteria for evaluating the members of the board;

(5)  formulating criteria for assessing the performance of the board; and

(6)  developing initiation and ongoing training programs for board members.

The committee conducts the evaluation referred to in subparagraph 5 of the first paragraph in accordance with the criteria approved by the board.

2006, c. 59, s. 22.