S-16.02 - Act respecting the Société du tourisme du Québec

Section 24 Disposition versions

2999-12-31

24. Any member of the board of directors, other than the president and director general of the Société, having a direct or indirect interest in an undertaking 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 of the board or to the president and director general and abstain from participating in any discussion or decision involving the undertaking in which he has the interest or in any part of the meeting of the board of directors during which his interest is discussed.

Neither the president and director general nor any employee of the Société may, under pain of forfeiture of office, have a direct or indirect interest in an undertaking 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.

1994, c. 27, s. 24.