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S-17.2 - Act respecting Société Innovatech du Grand Montréal
Section 18
Disposition versions
18. Any member of the board of directors 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 his office, disclose his interest and withdraw from the meeting for the duration of the debate and for the decision bearing upon any question relating to the enterprise in which he has an interest.
When the chairman and vice-chairman of the board of directors must withdraw from the meeting, the other members of the board shall designate from among themselves a person to act in the capacity of chairman.
