S-5 - Act respecting health services and social services for Cree Native persons

Section 31 Disposition versions

1999-10-22

31. No director general of a regional council shall, under pain of forfeiture of office, have any direct or indirect interest in an undertaking causing his personal interest to conflict with that of the regional council. However, forfeiture is not incurred if such an interest devolves to him by succession or gift, provided he renounces it or, after informing the board of directors thereof, he disposes of it within the time prescribed by the board.

A director general who is forfeited of office becomes disqualified from holding any executive office or employment in any regional council or public institution for the period determined in the judgment. The disqualification period shall not exceed three years.

The board of directors of a regional council must, on becoming aware that its director general is in a situation of conflict of interest, take measures with the view of instituting proceedings for forfeiture of office against him. It must, also, within the ten following days, inform the Minister thereof in writing, indicating to him the nature of the situation and the measures taken.

Every member of the board of directors of a regional council other than the director general who has a direct or indirect interest in an undertaking causing his personal interest to conflict with that of the regional council must, under pain of forfeiture of office, disclose his interest in writing to the board of directors and abstain from sitting on the board and participating in the deliberations or decisions when a matter pertaining to the undertaking in which he has that interest is being debated.

For any member of the board of directors, the fact of being a minority shareholder of a legal person which operates an undertaking referred to in this section does not constitute a situation of conflict of interest if the shares of the legal person are listed on a recognized stock exchange and if the member of the board of directors involved is not an insider of the legal person within the meaning of section 89 of the Securities Act (chapter V-1.1).

1971, c. 48, s. 28; 1987, c. 104, s. 3; 1992, c. 21, s. 375; 1999, c. 40, s. 270.

1992-10-01

31. No director general of a regional council shall, under pain of forfeiture of office, have any direct or indirect interest in an undertaking causing his personal interest to conflict with that of the regional council. However, forfeiture is not incurred if such an interest devolves to him by succession or gift, provided he renounces it or, after informing the board of directors thereof, he disposes of it within the time prescribed by the board.

A director general who is forfeited of office becomes disqualified from holding any executive office or employment in any regional council or public institution for the period determined in the judgment. The disqualification period shall not exceed three years.

The board of directors of a regional council must, on becoming aware that its director general is in a situation of conflict of interest, take measures with the view of instituting proceedings for forfeiture of office against him. It must, also, within the ten following days, inform the Minister thereof in writing, indicating to him the nature of the situation and the measures taken.

Every member of the board of directors of a regional council other than the director general who has a direct or indirect interest in an undertaking causing his personal interest to conflict with that of the regional council must, under pain of forfeiture of office, disclose his interest in writing to the board of directors and abstain from sitting on the board and participating in the deliberations or decisions when a matter pertaining to the undertaking in which he has that interest is being debated.

For any member of the board of directors, the fact of being a minority shareholder of a corporation which operates an undertaking referred to in this section does not constitute a situation of conflict of interest if the shares of the corporation are listed on a recognized stock exchange and if the member of the board of directors involved is not an insider of the corporation within the meaning of section 89 of the Securities Act (chapter V-1.1).

1971, c. 48, s. 28; 1987, c. 104, s. 3; 1992, c. 21, s. 375.

1987-12-28

31. No director general of a regional council shall, under pain of forfeiture of office, have any direct or indirect interest in an undertaking causing his personal interest to conflict with that of the regional council. However, forfeiture is not incurred if such an interest devolves to him by succession or gift, provided he renounces it or, after informing the board of directors thereof, he disposes of it within the time prescribed by the board.

A director general who is forfeited of office becomes disqualified from holding any executive office or employment in any regional council or public establishment for the period determined in the judgment. The disqualification period shall not exceed three years.

The board of directors of a regional council must, on becoming aware that its director general is in a situation of conflict of interest, take measures with the view of instituting proceedings for forfeiture of office against him. It must, also, within the ten following days, inform the Minister thereof in writing, indicating to him the nature of the situation and the measures taken.

Every member of the board of directors of a regional council other than the director general who has a direct or indirect interest in an undertaking causing his personal interest to conflict with that of the regional council must, under pain of forfeiture of office, disclose his interest in writing to the board of directors and abstain from sitting on the board and participating in the deliberations or decisions when a matter pertaining to the undertaking in which he has that interest is being debated.

For any member of the board of directors, the fact of being a minority shareholder of a corporation which operates an undertaking referred to in this section does not constitute a situation of conflict of interest if the shares of the corporation are listed on a recognized stock exchange and if the member of the board of directors involved is not an insider of the corporation within the meaning of section 89 of the Securities Act (chapter V-1.1).

1971, c. 48, s. 28; 1987, c. 104, s. 3.

1977-12-31

31. No member of the board of directors of a regional council shall, under pain of forfeiture of his office, have a direct or indirect interest in an undertaking putting his personal interest in conflict with that of the regional council.

Nevertheless such forfeiture shall not be incurred if such interest devolves to him by succession or gift provided that he renounces or disposes of it with all possible dispatch.

1971, c. 48, s. 28.