S-22.001 - Act respecting the Société québécoise de développement de la main-d’oeuvre

Section 12 Disposition versions

1995-06-22

12. Any member of the board of directors, other than the chairman of the Société, having a direct or indirect interest in an enterprise which places his personal interest in conflict with that of the Société or of the Fonds national de formation de la main-d’oeuvre shall, on pain of forfeiture of office, disclose it in writing to the chairman of the Société and abstain from taking part in any debate or decision bearing upon the enterprise in which he has an interest.

The chairman, the vice-chairmen and the other employees of the Société may not, on pain of forfeiture of office, have any direct or indirect interest in an enterprise which places their personal interest in conflict with that of the Société or of the Fund. However, forfeiture is not incurred if that interest devolves to them by succession or gift, provided they renounce or dispose of it with diligence.

1992, c. 44, s. 12; 1995, c. 43, s. 58.

1992-09-01

12. Any member of the board of directors, other than the chairman of the Société, having a direct or indirect interest in an enterprise which places his personal interest in conflict with that of the Société shall, on pain of forfeiture of office, disclose it in writing to the chairman of the Société and abstain from taking part in any debate or decision bearing upon the enterprise in which he has an interest.

The chairman, the vice-chairmen and the other employees of the Société may not, on pain of forfeiture of office, have any direct or indirect interest in an enterprise which places their personal interest in conflict with that of the Société. However, forfeiture is not incurred if that interest devolves to them by succession or gift, provided they renounce or dispose of it with diligence.

1992, c. 44, s. 12.