23. The Government is responsible for the financial assistance programs administered by the Company, for the financial assistance granted by the Company in carrying out its mandate, for the other mandates it gives the Company, and for the revenues and losses of the Economic Development Fund. Likewise, the Minister is responsible for the mandates he or she gives the Company and for the revenues and losses of the Economic Development Fund that are attributable to those mandates.
The Company answers to the Government or, as the case may be, to the Minister, however, for the administration of these programs and for the mandates the Government or the Minister gives it to carry out.
The Company is required to comply with the Minister’s directives in administering the financial assistance programs and carrying out the mandates given to it by the Government or, as the case may be, by the Minister.
The Company keeps a detailed register of the directives it receives under this section during a fiscal year; the register is made public when the Company’s annual management report for that year is laid before the National Assembly.
2010, c. 37, s. 23; 2019, c. 292019, c. 29, s. 16; 2022, c. 192022, c. 19, s. 431112.