I-8.4 - Act respecting Infrastructures technologiques Québec

Section 17 Disposition versions

2020-09-01

17. An audit committee is established within Infrastructures technologiques Québec. The committee is composed of three independent members appointed by the Chair of the Conseil du trésor. On the expiry of their terms, such members remain in office until replaced or reappointed.

The members of the audit committee must, as a group, have the appropriate expertise and experience, in particular expertise in accounting and information technology.

The Secretary of the Conseil du trésor is a permanent member of the committee but is not entitled to vote; the Secretary may appoint a substitute.

A member is independent if, in the opinion of the Chair of the Conseil du trésor, the member qualifies as an independent director within the meaning of section 4 of the Act respecting the governance of state-owned enterprises (chapter G-1.02).

The members of the audit committee receive no remuneration. They are, however, entitled to reimbursement of the expenses incurred in the performance of their duties, on the conditions and to the extent determined by the Government.

Sections 5 to 8 and 25 of the Act respecting the governance of state-owned enterprises apply, with the necessary modifications.

2020, c. 2, s. 2.

Not in force

Not in force

17. An audit committee is established within Infrastructures technologiques Québec. The committee is composed of three independent members appointed by the Chair of the Conseil du trésor. On the expiry of their terms, such members remain in office until replaced or reappointed.

The members of the audit committee must, as a group, have the appropriate expertise and experience, in particular expertise in accounting and information technology.

The Secretary of the Conseil du trésor is a permanent member of the committee but is not entitled to vote; the Secretary may appoint a substitute.

A member is independent if, in the opinion of the Chair of the Conseil du trésor, the member qualifies as an independent director within the meaning of section 4 of the Act respecting the governance of state-owned enterprises (chapter G-1.02).

The members of the audit committee receive no remuneration. They are, however, entitled to reimbursement of the expenses incurred in the performance of their duties, on the conditions and to the extent determined by the Government.

Sections 5 to 8 and 25 of the Act respecting the governance of state-owned enterprises apply, with the necessary modifications.

2020, c. 2, s. 2.