Not in force
30. An audit committee is established within the Centre. The committee is composed of three independent members appointed by the Chair of the Conseil du trésor, after consultation with the Minister of Health and Social Services and the minister responsible for education and higher education. On the expiry of their term, 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 law.
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 exercise of their functions, 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.