S-29.01 - Act respecting trust companies and savings companies

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117. Every Québec company shall appoint an ethics committee from among the members of the board of directors. The committee shall be composed of not fewer than three directors, a majority of whom shall be persons who are neither officers nor employees of the company or of a legal person affiliated with the company nor persons holding 10% or more of the shares of any class issued by the company or by a legal person affiliated with the company.
1987, c. 95, s. 117.