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C-33.1 - Act respecting the national capital commission
Section 11
Disposition versions
11. Any member of the board of directors, other than the president and chief executive officer, who has a direct or indirect interest in any enterprise that places that person’s interest and that of the Commission in conflict must, on pain of forfeiture of office, disclose the situation in writing to the chairman or, in the case of the chairman, to the Minister and the person designated under section 9 and refrain from taking part in any debate or decision bearing on the enterprise in which the interest is held, and in any part of a meeting of the board of directors during which the interest is being discussed.
The president and chief executive officer and employees of the Commission may not, on pain of forfeiture of office, have any direct or indirect interest in an enterprise that places their personal interest and that of the Commission in conflict. However, forfeiture is not incurred if the interest devolves to them by succession or gift, provided it is renounced or disposed of with diligence.
11. Any member of the board of directors, other than the chairman, who has a direct or indirect interest in any enterprise that places that person’s interest and that of the Commission in conflict must, on pain of forfeiture of office, disclose the situation in writing to the chairman and refrain from taking part in any debate or decision bearing on the enterprise in which the interest is held, and in any part of a meeting of the board of directors during which the interest is being discussed.
The chairman and employees of the Commission may not, on pain of forfeiture of office, have any direct or indirect interest in an enterprise that places their personal interest and that of the Commission in conflict. However, forfeiture is not incurred if the interest devolves to them by succession or gift, provided it is renounced or disposed of with diligence.
