C-2 - Act respecting the Caisse de dépôt et placement du Québec

Section 13.1 Disposition versions

2022-06-03

13.1. The board of directors shall by resolution

(1)  establish risk management guidelines and policies;

(2)  determine delegations of authority;

(3)  approve the Fund’s strategic plan, business plan, budgets, financial statements and annual report;

(4)  approve human resources policies as well as the standards and scales of remuneration and other conditions of employment of officers other than the president and chief executive officer, of employees of the Fund, and of the most senior officer of each of its wholly-owned subsidiaries;

(5)  approve the appointment and remuneration of officers reporting directly to the president and chief executive officer and of the most senior officer of each wholly-owned subsidiary, on the recommendation of the president and chief executive officer;

(6)  approve investment policies, standards and procedures;

(7)  adopt a socially-responsible investment policy;

(7.1)  approve rules pertaining to the Fund’s governance;

(8)  approve rules of ethics and professional conduct applicable to members of the boards of directors of the Fund and of the legal persons, other than those referred to in section 37.1, at least 90% of whose common shares are held directly or indirectly by the Fund, and to the officers and employees of the Fund and of those legal persons;

(9)  assign a mandate to any auditor, subject to section 48;

(10)  designate the members of board committees;

(11)  approve the expertise and experience profiles required for appointment of members to the board as a whole;

(12)  approve the criteria for assessing the performance of the board;

(13)  approve the criteria for assessing members of the board of directors and those applicable to the president and chief executive officer;

(14)  approve the succession planning program for officers appointed by the Fund; and

(15)  adopt measures to assess the effectiveness and performance of the Fund, including benchmarking against similar enterprises; the measures are to be carried out every three years by an independent firm.

2004, c. 33, s. 11; 2022, c. 19, s. 81.

2005-01-15

13.1. The board of directors shall by resolution

(1)  establish risk management guidelines and policies;

(2)  determine delegations of authority;

(3)  approve the Fund’s strategic plan, business plan, budgets, financial statements and annual report;

(4)  approve human resources policies as well as the standards and scales of remuneration and other conditions of employment of officers other than the president and chief executive officer, of employees of the Fund, and of the most senior officer of each of its wholly-owned subsidiaries;

(5)  approve the appointment and remuneration of officers reporting directly to the president and chief executive officer and of the most senior officer of each wholly-owned subsidiary, on the recommendation of the president and chief executive officer;

(6)  approve investment policies, standards and procedures;

(7)  adopt a socially-responsible investment policy;

(8)  approve rules of ethics and professional conduct applicable to members of the boards of directors of the Fund and its wholly-owned subsidiaries, and to the officers and employees of the Fund and its wholly-owned subsidiaries;

(9)  assign a mandate to any auditor, subject to section 48; and

(10)  designate the members of board committees.

2004, c. 33, s. 11.