I-16.1 - Act respecting Investissement Québec and La Financière du Québec

Section 19 Disposition versions

2006-12-14

19. Any member of the personnel of the agency who has a direct or indirect interest in an enterprise causing the personnel member’s personal interest to conflict with that of the agency must, on pain of dismissal, disclose the interest in writing to the president and chief executive officer.

1998, c. 17, s. 19; 2006, c. 59, s. 75.

1998-08-21

19. No member of the board of directors exercising functions on a full-time basis with the agency may, on pain of forfeiture of office, have a direct or indirect interest in an enterprise causing the member’s personal interest to conflict with that of the agency. However, forfeiture of office is not incurred where the interest devolves by succession or gift, provided it is renounced or disposed of with dispatch.

Any member of the board of directors, other than a member exercising functions on a full-time basis, who has a direct or indirect interest in an enterprise causing the member’s personal interest to conflict with that of the agency must, on pain of forfeiture of office, disclose the interest in writing to the board of directors, abstain from voting on any matter relating to the enterprise, and avoid influencing any decision relating to the enterprise. The member must also withdraw from a meeting during any discussion or vote on such a matter.

Any member of the personnel of the agency who has a direct or indirect interest in an enterprise causing the personnel member’s personal interest to conflict with that of the agency must, on pain of dismissal, disclose the interest in writing to the chief executive officer.

1998, c. 17, s. 19.