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S-16.1 - Act respecting the James Bay Eeyou Corporation
Section 15
Disposition versions
15. Every member of the board of directors, other than the chairman, having a direct or indirect interest in an enterprise which places his personal interest in conflict with that of the Corporation shall, under pain of forfeiture of his office, disclose his interest in writing to the chairman and abstain from voting on any decision bearing upon the enterprise in which he has an interest.
On pain of forfeiture of office, neither the chairman nor the employees of the Corporation shall have any direct or indirect interest in an enterprise placing their personal interest in conflict with that of the Corporation. However, forfeiture is not incurred if the interest devolves by succession or gift provided it is renounced or disposed of with diligence.
