I-16.0.1 - Act respecting Investissement Québec

Section 5.3 Disposition versions

2019-12-11

5.3. The Company establishes a development committee in each of the administrative regions in which it sets up an office. If more than one office is set up in a single region, the Company may establish more than one committee. Each development committee is composed of at least five members, a majority of whom are from the personnel of the Company and of the Ministère de l’Économie et de l’Innovation and from the region’s business and economic development sector.

The development committees, which play an advisory role, must promote the development of projects that are likely to increase their region’s economic development. They are also responsible for examining, in accordance with the Company’s by-laws, the projects submitted to them, for selecting those that, in their opinion, are most likely to promote such development and for recommending to the Company that it make the loan or acquire the participation they consider necessary to support the projects thus selected.

A majority of the members in office constitutes a quorum at any meeting of a committee. A committee member who has an interest in a project which could cause his or her personal interest to conflict with the obligations of his or her office may not participate in the committee’s deliberations on the project.

Committee members may not disclose anything revealed to or learned by them in the exercise of their functions.

2019, c. 29, s. 4.