S-12.01 - Act respecting the Société de télédiffusion du Québec

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14. (Repealed).
1996, c. 20, s. 14; 2007, c. 26, s. 17.
14. The president and general manager may not, under pain of forfeiture of office, have a direct or indirect interest in an enterprise causing his personal interest to conflict with that of the Société. However, forfeiture is not incurred where the interest devolves to him by succession or gift, provided he renounces or disposes of it with dispatch.
Any other member of the board of directors who has a direct or indirect interest in an enterprise causing his personal interest to conflict with that of the Société must, under pain of forfeiture of office, disclose it in writing to the chairman and abstain from participating in any discussion or decision involving the enterprise in which he has the interest or in any part of the meeting of the board of directors during which his interest is discussed.
Furthermore, any member of the board of directors who is a member of the personnel of the Société must, under pain of forfeiture of office, abstain from voting on any matter pertaining to his employment relationship, his remuneration, his social benefits or his other conditions of employment or those of the class of employees to which he belongs, or on any matter concerning the remuneration, social benefits or other conditions of employment of other classes of employees. In addition, he must, after having been afforded an opportunity to present his views, withdraw from the meeting for the duration of the discussions and vote relating to such matters.
1996, c. 20, s. 14.